Thursday morning links
The Mess That Greenspan Made —
TOP STORIES • Banks Holding Up in Tests, but May Still Need Aid - NY Times • Bank of England keeps interest rates at 0.5pc - Telegraph • How Bernanke Staged a Revolution - Wash. Post • CA Foreclosures About to Soar - Field Check Group • RBS cuts 9,000 jobs - days after boss denies staff are at risk - Guardian • Short sellers unjustly Wall Street's whipping boy - LA Times • Energy-spending cutbacks spark price-spike talk - MarketWatch • Pentagon preps for economic warfare - Politico ...
Olio, Bouillabaisse: Assorted Links
CARPE DIEM —
... 2. Read an excellent profile of Fed Chair Ben Bernanke in today's Washington Post, "How Bernanke Staged a Revolution": This chairman set out to lead as a civil servant rather than a celebrity economist. Facing a thundering financial collapse, he has reinvented the Federal Reserve. ...
Thursday links: too big to exist
Abnormal Returns —
... How Ben Bernanke has “quietly revolutionized” the Fed. (WashingtonPost.com also ...
links for 2009-04-10
Economist's View —
A black swan-free life - Free exchange
More Reverse Causation - TheMoneyIllusion
It Makes No Sense for States to Cut Services and Raise Taxes - Robert Reich
Trade Deficit Narrows as Imports Decline Sharply - NYTimes.com
Scientists pinpoint the 'edge of space' - EurekAlert
What Next For Banks? - Simon Johnson - The Baseline Scenario
How Bernanke Staged a Revolution - washingtonpost.com
Does The US Still Face An Emerging Market-Type Crisis?
The Baseline Scenario —
... been absorbed into official thinking (at least in the US).
Is the US out of the emerging market-type woods? Can we now rule out the possibility of a great depression? Such a severe economic outcome is not currently our baseline view (e.g., as discussed in this NBR interview), but it is still a downside scenario that needs to be taken seriously - and, at least in our interpretation - this is also the view of Bernanke’s Fed (see our piece on Sunday and the profile in yesterday’s Washington Post.)
Why is a depression ...
Bernanke's Revolution
Mish's Global Economic Trend Analysis —
Inquiring minds are reading a long and glaringly misguided post by the Washington Post on How Bernanke Staged a Revolution. ...

