Readings

Insolvent Banks Should Feel Market Discipline, by Matthew Richardson and Nouriel Roubini (FT)

Is Everyone Confused Yet? by Simon Johnson (Baseline Scenario)

As Unemployment Growth Slows, a Recovery Could Stir, by David Leonhardt (NYT)

Banks Need Fewer Carrots and More Sticks, by Hubbard, Scott and Zingales (WSJ)

What’s Left of Central Bank Independence? by Willem Buiter (FT’s Maverecon)

Socking Stocks, by Jim Powell (NY Post)

Poverty and Powerlessness Fuel Growing Rage, by Uwe Klussmann (Spiegel)