Willem Buiter

What I was afraid of - Paul Krugman As I also predicted, Obama's stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses - Bloomberg The title says everything, doesn't…

Last night I wrote an article reminding you that downside risk remains in the global economy.  While I have been singing a more bullish tuneregarding the prospect of a technical recovery in 2009, I am concerned about a double dip as a…

The crucifixion of Latvia - Ambrose Evans-Pritchard, Telegraph"Contrary to revisionist talk, Argentina was not a basket case. Its imbalances were no worse than those of the Baltics, Balkans, Spain, or Greece, and arguably better. It ran…

Leader Limbaugh: Chalk One Up to Obama, DNC - 538 Limbaugh tops the list--not only among Democrats, but Republicans and all national adults surveyed--as the figure identified as "the main person speaking for the Republican…

Today vs. the 1980-82 Recession - Menzie Chin "While the job losses, foreclosures, stock declines and other casualties of the current recession have been very painful, substantially more bad economic news is needed to make this…

I am on the road, so posting will be a bit light today.  Expect a post on jobless claims at a minimum. Rosenberg's VooDoo Lounge Tour Continues - Tyler Durden Very good CNBC appearance by Rosenberg. This is a 0-minute piece in 3 parts.…

PIMCO’s founder Bill Gross is out with his latest monthly missive.  It makes for interesting reading, especiallyregarding the captains of finance and their desire to stay rich using other people’s money. I remember as a child my…

Obushma-Biney in the Home of the Frightened - Willem Buiter Tell us what you really think: "The spinelessness and moral cowardice of the Obama administration know no bounds." Fall in Libor May Overstate Improvement in Interbank…

Taipei Times - CLSA strategist warns of long-term asset bubble "A two-month global equity rally that has added US$8.8 trillion to stocks may continue in the short term as risk aversion declines and investors overreact to improving…

Swine flu vaccine won't be ready for next wave - health - New Scientist "A VACCINE against the Mexican swine flu sweeping the world is likely to arrive too late for most people, vaccine officials told New Scientist between a flurry of…