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Cooling their heelsBACK on Monday, I wrote:[T]his is somewhat distressing. It is, in effect, calling time-out on the rescue until Barack Obama is sworn in...Yes, it's only three months, but three months is a long time for people and businesses struggling to pay bills. And if the economic situation deteriorates over... |
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[Paul Krugman]: The Lame-Duck EconomyHow much can go wrong in the two months before Mr. Obama takes the oath of office? The answer, unfortunately, is: a lot. Consider how much darker the economic picture has grown since the failure of Lehman Brothers, which took place just over two months ago. And the pace of deterioration seems to ... |
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[Paul Krugman Blog]: Don't panic about the stock marketPanic about the credit markets instead. Interest rate on 3-month Treasuries at 0.02%; interest rate on high-yield (junk) bonds over 20%. ... |
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Voters still don’t trust Tories on economyWhile following the US elections for two years, I became converted over to the not-so-secretive world of polling, mostly thanks to the genius of Nate Silver at FiveThirtyEight - who did a fantastic job of building narratives and challenging preconceptions through raw polling data (see this interv... |
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Jonathan Freedland: In this topsy-turvy political terrain, Dr Brown needs a long-term patientAll is confusion. The political landscape of a world roiled by recession is all but unrecognisable. Voters stagger around like the cast of the now-revived TV drama Survivors, bewildered figures trying to make sense of a political geography where nothing stands where it used to be and nothing is a... |
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Paul Krugman takes George Will to the woodshed over FDR's Big FIXFrom the man who called the union benefits at automotive companies a "welfare state," we have George Will on This Week showing his compassionate conservative side yet again. I would like to see George Will working on an assembly line until the age of 65 and then let him speak out abou... |
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