PIGS Still Flying

December 29th, 2013 5:20 pm | by John Jansen |

For much of 2010 and 2011 and early in 2012 the global fixed income markets fixated on Greece and the other so called PIGS. That situation has becalmed itself like Coleridge’s painted ship upon a painted ocean but Professor James Hamilton has an interesting post at Econbrowser regarding debt to GDP ratios, current account balances and financing of deficits by the PIGS. It is an interesting and worthwhile read.

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