1. Krugman writes a great post analysing the subprime mess. It is a must read.
2. WS Blog says analysts say rate cuts would not be enough. I said the same long back. I said it is a valuation problem and the US authorities need to sort it.
3. Meanwhile, analysts also predict a 75 bps rate cut in the next Fed meeting on 18 March 2008.
4. MR points to the aggregate cost of trying to beat the stock market
5. Mankiw points to Fed vs ECB. He also points to the gains from trade. Is this true?
6. Rodrik points to a new webpage that lists all the papers on growth diagnostics framework.
7. PSD Blog points to an article which says “If Bill Gates had started Microsoft in a garage in Brazil, it would still be in the garage”!
8. Econbrowser says possibility of there being two recessions in Bush presidency looks quite good.
