Episode 377 • • 1:25:50 - 1:30:30
377: Cleanest Dirty Shirt
Eurozone Crisis and the Cleanest Dirty Shirt Meme
The Eurozone crisis is analyzed through the lens of a "This American Life" report and statements from PIMCO executives. A new financial meme, "the cleanest dirty shirt," is used to describe the U.S. economy's relative standing in a world of failing sovereign debt. The hosts suggest that Greek debt figures were manipulated by technocrats to trigger a controlled default.