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[Paul Krugman]: A Continent AdriftThere's no government in a position to take responsibility for the European economy as a whole. What Europe has, instead, are national governments, each of which is reluctant to run up large debts to finance a stimulus that will convey many if not most of its benefits to voters in other ... |
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[AP]: White House says economy is sound despite 'mess'The economy is fundamentally sound despite the temporary "mess" it's in, the White House said Sunday in the kind of upbeat assessment that Barack Obama had mocked as a presidential candidate. ... |
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[Reuters]: World mints report soaring demand for gold coinsMints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook. ... |
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[Time.com Swampland]: A White House Seized By The Animal SpiritsThe greatest fear in Washington's corridors of power now is that we collectively lose our minds again, becoming irrationally pessimistic just as we were all irrationally optimistic a few years ago. The policy responses are after all as much about restoring confidence in sustained economi... |
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[Brad Setser]: The bad news hidden in the good newsThe US January trade deficit fell to $36 billion. That is as low as it has been in a long time. The petroleum deficit (seasonally adjusted) fell to $14.7 billion -- $4 billion less than in December 2008 and $20 billion less than January 2008. So where is the bad news? ... |
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[AP]: Obama: Economic crisis 'not as bad as we think'"A smidgen of good news and suddenly everything is doing great. A little bit of bad news and ooohh , we're down on the dumps," Obama said. "And I am obviously an object of this constantly varying assessment. I am the object in chief of this varying assessment." ... |
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