Wednesday, May 4, 2016

How bad is the Greek crisis in one graph

Real GDP starting in 1929 for the US and 2007 for Greece. Back then, with the New Deal, the US economy had essentially recovered after less than a decade. But there is no solution in sight for Greece now. This summer with more payments due, and the Brexit discussion on top, should bring new developments.
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Bretton Woods and corporate defaults

In the Eatwell and Taylor book, Global Finance at Risk , they had, I think, a graph with the percentage of corporate bonds in default in the...