Good Economic Reads
A few bits and pieces.
Caroline Baum’s Bloomberg article on bond market traders is a must read for anyone who blandly talks of ‘the market’ when discussing gilts/public borrowing.
Willem Buiter has a typically long, detailed and interesting discussion on why QE is failing.
Paul has a great article up on the power of ratings agencies.
Free Thinking Economist on how cutting the deficit can increase the debt.
And Left Foot Forward report Paul Krugman defending deficits and discussing the collapse in investment.