4th May 2012
As the Greeks go to the polls this weekend, Masa Serdarevic says the potential for the "wrong" result to wreak havoc in the markets on Monday morning is real. FT Alphaville
"When Wall Street turns a market into an enormous casino, prices skyrocket and the economy is threatened. Wall Street did it to housing and now they're doing it again to commodities – especially oil." Naked Capitalism
Myth 1: Mature economies are losing out to emerging markets in trade and thus facing increasing trade deficits. "In fact the balance of trade between advanced and emerging economies isn't worsening." The Atlantic
"With Barack Obama and John McCain in the White House, 2009 was a pivotal year in American politics. Democrats and Republicans worked together to pass a jobs bill, close Guantanamo and end the recession." – If only that were true. Weakonoimcs
With contractionary fiscal policy chief among the reason why the UK is in a double dip recession, Menzie Chinn has three other observations that might not be so obvious. Econbrowser
Got any other suggestions for what we should be reading? Tell us below?
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