The Consumer Spending Mirage Business Week (hat tip Brad De Long). Barry Ritholtz has complained for some time that retail sales and consumer spending increases overstate real gains in expenditures. This piece elaborates upon this theme.
Central Bankers Say Crisis Not Over, Urge Regulation Bloomberg
After the Recession: What then? Stormy Angry Bear
What Have We Learned, If Anything? Tony Judt, The New York Review of Books. “What, then, is it that we have misplaced in our haste to put the twentieth century behind us?”
Some Bursting Bubble References… Brad De Long
Antidote du jour:
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Well, I guess if the lion can lay down with the lamb, the kitten can lay down with the guinea pig.
Now if we can just get the Hillary to lay down with the Obama, we’ll be all set.
Um, that didn’t come out quite right.