First: Percentage job loss from peak during post WWII recessions (Calculated Risk): Second: year-over-year delinquency rate changes, where red indicates an increased rate and green indicates a decreased rate (New York Federal Reserve):
Third: the current delinquency rate as of the second quarter of 2009, where a darker color indicates a higher rate (ibid):
All I am saying is this: do we really live in a world where the Arizona State commencement speech committee has more stringent standards than then Norwegian Nobel Committee?