Bloomberg. When I was in Sydney, one week had the most astonishing rain I can recall. It was extremely heavy the entire time, interrupted by 4-5 absolutely torrential downpours per day. I recall it being reported on TV as 230 centimeters for the week, which I must have heard incorrectly but trust me, it was pretty impressive regardless.
Independent (hat tip reader May S)
Daniel Gros, VoxEU
Wolfgang Munchau, Financial Times
Chevelle. This is a cogent analysis, but I doubt this is what is driving the Fed’s policy (or it is at most a secondary consideration).
Paul Krugman, New York Times
The Hill. So the bailouts and having the banksters loot on a massive scale is better? This sort of discussion reinforces the ongoingfalse dichotomy, the choices weren’t TARP v. do nothing, there were other possible courses of action.
Dave Dayen, FireDogLake. Is this a bug or a feature?
Denver Post (hat tip Max Gardner). Another case of someone being foreclosed upon who is current, in this case, they paid off their mortgage!
Paul Kedrosky. Even when Hitchens is off base, he’s sufficiently articulate about it to force opponents to sharpen their rebuttals.
Financial Times. This is interesting. Is it mere window-dressing, or a sign that some senior businessmen are wiling to break ranks with plutocrat-favoring policies? Recall that Simon Johnson, in his Atlantic article The Quiet Coup, stressed that the only way third world countries implemented reform programs was when some of the oligarchs decided to break ranks.
Felix Salmon. I promised a shred of this piece, but I could barely stomach reading it. I would have been snarkier than Felix, but he points out many of the problems with this example of hagiography masquerading as reporting.
Antidote du jour (credit /: