Wednesday, January 12, 2011

Trading with the PIIGS

March 16, 2010
U.S. states: Running with the PIIGS

If PIIGS refers to nations that have overspent and are now overleveraging to pay for their deficits, the United States is feeding from the same trough.

It isn't quite the same trough. We import more than twice as much from the PIIGS as we export to them. That makes us some sort of Super Pig.


Click to enlarge.



Source Data:
US Census Bureau: Foreign Trade Statistics

No comments: