This from Dr. Krugman --
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Now That’s A Metaphor
Wolfgang Munchau, on the latest euro rescue idea (using the existing stabilization fund, but leveraging it up like a collateralized debt obligation):
This is the equivalent of putting explosives into a can, before kicking it down the road.
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Follow link to the original from The Financial Times
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
...
4 days ago
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