David Shaviro points out the next shoe falling in the Great Recession--Chinese Prime Minister Wen Jiabao's concerns about the safety of China's investment in U.S. debt. See This is how it starts (alternative title: "Well, duh.")
Angry Bear has some extended discussion of the Congressional testimony on the global economic crisis before the House Committee on foreign Affairs Subcommittee on Terrorism, Non-proliferation and Trade, at this link and this one.
Meanwhile, Dani Rodrik reports, in Willem Buiter is on a roll, Mar. 9, 2009, on Willem Buiter's views on financial regulation--better to err on the side of over-regulation, and quickly. And Mark Thomas responds to Rodrik's view of the appropriate regulation of banks in the global economy. If you want even more on the problems of our financial institution and lack of regulation, read Roger Ehrenberg in Entrenched Managements: Yet One More reason Why TARP = CRAP, Mar. 12, 2009.
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