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To start your day off with some dark humor, here is Loudon Wainwright III singing “The Krugman Blues.”

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  1. c u n d gulag  •  Jun 6, 2012 @8:16 am

    More doom and gloom – this time about Europe, from Martin Wolf:
    http://www.ft.com/intl/cms/s/0/74f3017e-ac15-11e1-a8a0-00144feabdc0.html#axzz1x0wbe800

    The take-away line:
    “Before now, I had never really understood how the 1930s could happen. Now I do. All one needs are fragile economies, a rigid monetary regime, intense debate over what must be done, widespread belief that suffering is good, myopic politicians, an inability to co-operate and failure to stay ahead of events. Perhaps the panic will vanish. But investors who are buying bonds at current rates are indicating a deep aversion to the downside risks. Policy makers must eliminate this panic, not stoke it.”

    And, not just in Europe – YES, it CAN happen here.

    Nothing like a post hinting at a possible coming Fascist future to wake one up in the morning, eh?



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