International Economies

International Economies Look at the relationships between international economies and look at the relationships between the size of the current US deficit and compare it to Europe. • o During the last few years, countries like Portugal, Ireland, Italy, Greece, and Spain (PIIGS) have been in the news, why is that (from an economic perspective)? o What happens when deficits accumulate for too long? o Are interest rates controlled by supply and demand? o What happens when there are too many bonds? o And what does all of this have to do with real estate markets?