1. WSJ Blog points to the recent Fed statement where the Central banks have again pitched in to stem the liquidity crisis. Also Fed has expanded its Term Securities Lending Facility. It will now accept these securities for 28 days (it was a fortnight earlier) and will accept other securities.
It also points to Economists’ reactions. Here is Krugman’s reaction.
2. Econbrowser says we expect too much from Monetary policy. As I have said earlier, this entire debate needs a new framework for monetary policy.
3. S&M has a good post on equity premium (Though the purpose of the post is not to discuss equity premium)
4. TTR is a contrarian, is well known. He lendshis support to the controversial debt waiver scheme. He also saysthere is no property bubble here. I think there very much is especially in metros. Why do economists make a broadcase for rising incomes in India. Incomes have risen but it is only limited to a certain section of population.
5. IE Blog points to the smartest Indian unknown entrepreneur
6. JRV points to lots of research on the sub-prime crisis.
