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nakedcapitalism.com - 4/8/2009
Willem Buiter: "Non-Negligible" Risk of Default by US and UK
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Willem Buiter takes no prisoners, In his latest post, "The green shoots are weeds growing through the rubble in the ruins of the global economy", he dispatches the idea that recovery is around the corner (citing Carmen Reinhart and Kenneth's latest paper on the resolution of financial crises ...

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Rolfe Winkler:  Late Afternoon Links 4-8

USA: Banana Republic
highchartpatterns.blogspot.com - 4/4/2009
USA: Banana Republic
— highchartpatterns.blogspot.com — One of the best articles we've read in a long time, written by Simon Johnson, the former chief economist of the IMF (2007-2008). Take a minute or two and read the article in its entirety. We've highlighted the parts that held the most interest to us: The Quiet Coup O ne thing you learn ... (more) USA: Banana Republic

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Late Afternoon Links 4-8
Rolfe Winkler — ... Buiter: Non-Negligible Risk of US/UK Default (Naked Capitalism)  For those wondering how the economic crisis might play out, Buiter suggests we could go the way of Iceland….“In a number of systemically important countries, notably the US and the UK, there is a material risk of a ’sudden stop’ - an emerging-market style interruption of capital inflows to both the public and private sectors.” He also notes that a US debt default is not without precedent: “The last time things got serious, during the Great Depression of the ...

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