The New Neocon Alliance with Obama Jacob Heilbrunn Huffington Post
The Economist to Launch London Theme Park Economist (hat tip reader Justin)
Alan Greenspan: “I screwed up!” Models and Agents
Paid Cadillac Prices, Got a Chevrolet Daniel Gross, Slate
Will The Real Geithner Plan Please Stand Up? Simon Johnson
Stress Menzie Chinn, Econbrowser
‘Tarp cop’ launches probes into bail-out fraud Financial Times. The Congressional Oversight Panel seems to be taking fraud much more seriously than the Treasury, but does it have the manpower?
Asia is the victim if the bond bubble bursts Yu Qiao, Financial Times
Foreign central banks aren’t going to finance much of the 2009 US fiscal deficit; their reserves aren’t growing any more Brad Setser (hat tip reader Joseph)
Survey finds Chinese manufacturing worsening Associated Press (hat tip reader Michael)
Federal Plan to Aid Small Businesses Is Flawed, Lenders Say Washington Post. Is Team Obama becoming The Gang That Can’t Shoot Straight? An announced plan has now been rebranded “a work in progress”. Consistent with our view that they are engaging in wishful thinking re what a GM bankruptcy would entail.
Antidote du jour (hat tip reader Michael). On patience and wisdom: