Friday, February 20, 2009

A Little Levity

With the grim economic news (see previous posts), we need to pause for a little humor:

The Return of Capital Controls?

Willem Buiter thinks so.

"The Epicenter of Confusion"

Eloi Laurent takes a dark view of Europe's response to the crisis. Paul Krugman is equally bleak about the US. No hope in sight anywhere.

ADDENDUM: Simon Johnson backs up Laurent with data on CDS spreads for European banks--through the roof.