"Paul Krugman's weblog is the place to be."

[swag]

Brad DeLong is right: Krugman's blog is great on the Panic of 2008. And there are moments of great humor:

Call the Metaphor Police!

I’ve been worried for a while about the fact that, according to financial reporters, the freezing up of the credit markets is causing a financial meltdown. The world is ending in ice and fire, simultaneously. But this is true cause for alarm:

“The self-feeding downturn now in place shows signs of becoming deeply entrenched,” economists at Citigroup wrote Friday.

Uh oh. we’ve got a downturn that can feed itself and, at the same time, dig trenches.

The fascist octopus will sing its swan song any day now.

and

Core Competence

Carlyle Group should have stuck to what it knows. It’s great at the merchant of death thing; at investment banking, not so much.

And brand new:

A Helpful Suggestion

Do not send the man who declared, back in April 2007, that the housing correction had reached bottom and that the subprime problem was “largely contained” to all the Sunday talk shows to declare that “our financial institutions, our banks and investments banks are very strong”. It just feeds the panic.

[Mojorabbit]

1. Thanks for the link

I am going over to have a look around. I am really worried about what is going to happen tomorrow.

[swag]

3. I bet Ben Bernanke didn't want to spend his weekend this way.

[applegrove]

2. Krugman is the best.