by Gaius Publius on 11/26/2010 05:25:00 PM



Paul Krugman has a nice column today detailing the differences between what's happening in Ireland (austerity, lots of it, without discernible result) versus Iceland (letting bankers fail, recovery on the horizon). It's a terrific, and telling, comparison.

But I'd just like to focus on ( Read more... )

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Note To Mods: Better make 'Portugal', 'Spain' and 'Euro Zone' tags. I suspect we're gonna need 'em.

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Bloomberg:
Zoellick Calls 2009 a ‘Dangerous Year’ as Crisis Curtails TradeWorld Bank President Robert Zoellick said 2009 will be a “dangerous year” as the global economy wrestles with its first recession in more than 60 years ( Read more... )

CNBC:Treasury Yield Falls to Zero As Investors Seek Safety
Investors fearful of deflation and riskier assets scrambled to hand over cash to the US Treasury in return for no interest at an auction Tuesday, while some T-bill rates fell below zero in the market...

The U.S. Treasury Department said it sold four-week bills at a high rate of 0.000 ( Read more... )