Simon Johnson's Pessimistic View

The quit coup.

A Programmer's Confession

How I helped build the bomb that blew up Wall Street by Michael Osinski.
Quite an interesting story.

General Theory

Here is the ebook - The General Theory of Employment, Interest, and Money by John Maynard Keynes.

Economics Is the 'Just Right' Liberal-Arts

See here by David Colander, chair of the economics department at Middlebury College.

Quantitative Easing Explained

A good explanation of unconventional monetary policy, which the Fed is using now - Quantitative Easing.

AIG Bonus

Here is the interesting news of the reaction of AIG $165 million bonus.
Of course these AIG leaders will not take a deep bow and then commit suicide.
I think 100% tax on the 2008 bonuses paid by those firms who accepted government money is a very good idea.

Bernake on 60 Minutes

The Fed Chairman is on the TV interview for the first time.
The interview is about the Fed, financial crisis, Ben's personal life.
Click Part 1 and Part 2.

US Household Wealth

WSJ had a nice graph and an article for the US household wealth.

Charlie Rose Interview With Tim Geithner

See here (53 mins).

Immigration Explorer

NYT has a very nice graphical presentation of immigration groups in the US.

Chistina Romer Makes It Clear

Lessons from the Great Depression for Economic Recovery in 2009 by Christina Romer, current CEA chairman.

Articles about Financial Crisis

• Seeds of its own destruction by Martin Wolf
• Why banks failed the stress test? by Andrew Haldane
• A failure to control the animal spirits by Robert Shiller

Stress Tests on Banks

Treasury announced the details of stress tests.

Willem Buiter on Macroeconomics

The unfortunate uselessness of most ’state of the art’ academic monetary economics.

New Era of Responsibility

Since President Obama announced his ambitious 2010 deficit budget (titled: the New Era of Responsibility), the landscape shaped by President Regan of macroeconomic policy and government's role for 30 yeasrs had changed significantly.

Foreign Portfolio Holdings of U.S. Securities

Treasury just released the survey data for foreign portfolio holdings of the US securities: equity and debts up to June 30, 2008.