Falling wage syndrome. Paul Krugman, NYT.
Senior Loan Officer Opinion Survey on Bank Lending Practices. Fed. more tightening of credit policies from banks, though not at the same pace, while demand for loans is down, with the exception of prime mortgages
How will Chrysler bankruptcy affect insolvent banks? Barry Ritholtz, The Big Picture.
Financial Gitmo. Cassandra Does Tokyo.
Reflections on the chronology of the financial crisis. Roger Kubarych, voxeu.
a two-fer:
The crisis, part two; and The culprit, revealed. Sudden Debt.
Monsters, Inc. James Surowiecki, The Financial Page, The New Yorker.
EU says Eurozone jobless to hit postwar record. Yahoo! Finance.
excerpt:
[EU Economy Commissioner Joaquin] Almunia did say quarterly growth is unlikely to emerge until 2010, and that even then both the EU and the euro-zone will likely shrink 0.1 percent over the whole year -- provided the banking sector recovers and world trade turns around.
Wow - predicting two years of contraction even if world trade and the banking sector recover!
You realithe, of courth, thith meanth war. The Epicurean Dealmaker.
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