A Dangerous Gap. The Markets v the Real Economy.
- Title:
- A Dangerous Gap. The Markets v the Real Economy.
- Alternate Title:
- A Dangerous Gap.
- Collection:
- Persuasive Maps: PJ Mode Collection
- Creator:
- The Economist
- Date:
- 2020
- Posted Date:
- 2024-04-25
- ID Number:
- 2445.01
- File Name:
- PJM_2445_01.jpg
- Style/Period:
- 1960 - Present
- Subject:
- Money & Finance
Allegorical
Pictorial - Measurement:
- 17 x 21 on page 27 x 21 (centimeters, height x width)
- Notes:
- n May 2020, as the United States reeled from the Covid-19 pandemic, large portions of the economy were shut down. Many businesses, particularly small businesses, faced financial crises and the threat that they might never be able to recover and reopen. Tens of millions of Americans were out of work. Yet at the same time, U.S. securities markets - after an initial decline of some 30 percent in March, had regained nearly all of their losses for the year by the middle of May.
This allegorical map on the cover of The Economist magazine dramatizes the apparent paradox of "The markets" behaving in a way apparently irreconcilable with "the real economy." It appears that a city has been torn asunder by "A dangerous gap" that has suddenly opened in the earth, a Grand Canyon of sorts. On one side is "Main Street," the nation's economy, with streets named Bankruptcy Court, Penniless Lane, and Even Bleaker Street. On the other side of the chasm is "Wall Street," with Blue Chip Row, Easy Street, and Yellow Brick Road. The story inside is captioned, "Financial markets have got out of whack with the economy. Something has to give."
Cornell University Library is pleased to present this digital collection of Persuasive Maps, the originals of which have been collected and described by the private collector PJ Mode. The descriptive information in the “Collector’s Notes” has been supplied by Mr. Mode and does not necessarily reflect the views of Cornell University. - Source:
- The Economist, May 9-15, 2020.
- Format:
- Image
- Rights:
- For important information about copyright and use, see http://persuasivemaps.library.cornell.edu/copyright.