2. Mankiw points to a research that says probability of recession is 0.355.
4. Fin Prof points that Soc Gen was warned about Karviel before the crisis. I knew something like that must have been there.
5. Fin Prof points to ridiculous compensation structures in financial industry.
6. Menzie Chinn on fiscal stimulus
7. Rodrik discusses his weekend.
8. MR points to Keynes’ diaries
9. Martin Feldstein on Recession
10. V. Anantha Nageswaran says run for safety.