Assorted Links

1. Ajay Shah continueshis excellent work on MS bid for Yahoo.

2. Ajay Shah sayswrong calls by RBI. I don’t really agree to what he says. One has to understand the constraints that come in policymaking. As I said before, criticising regulators is easy pickings.

3. TTR continues to be optimistic about global growth. He also has a different (and welcome) view over subsidies in education.

4. MR points to confusion over credit crunch

5. WSJ points to a new speech from Richmond Fed President, Jeff Lacker where he says mild recession is possible

6. Econbrowser on predicting recessions

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