Michael Cembalest, the chief investment officer for JPMorgan's private bank, included a Lego diorama in his research note today in order to explain the ongoing euro zone crisis as seen by a 9-year-old. [via Felix Salmon]
If you're having trouble reading it, don't worry, there's a key that includes plenty of European stereotypes.
For example, the toreador in a floppy hat, and the F1 driver in the upper left-hand corner represent Spain and Italy. The sailor represents Finland and the artists are France. Felix Salmon points out that he forgot about Iceland.
If playing with Legos to explain economics seems bizarre to you, here's what Cembalest has to say to that:
"If today’s diorama analysis borders on the absurd, so does maintaining the fiction that accumulation of massive public and private sector claims in Europe can somehow be engineered away."
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Read more: http://www.businessinsider.com/jpmorgan-legos-2011-9#ixzz1XIfDRCvn
