from Davos Notebook:

Hank Paulson is not Gavrilo Princip, Lehman is not the Archduke Franz Ferdinand

January 29, 2009

Was letting Lehman go down the biggest mistake of the crisis? Many, including George Soros in the Financial Times, have argued that letting Lehman go down sowed panic to markets, consumers and businesses.

from Davos Notebook:

U.S. – They’re skint, they’re frugal, get used to it

January 29, 2009

Good session on the "Frugal American," an as yet undiscovered species that is coming to a global economy near you.

from Davos Notebook:

It’s never too late to blame Greenspan

January 29, 2009

Alan Greenspan hasn't been chairman of the Fed for three years, but his policy mistakes keep paying dividends in the form of blame at this year's World Economic Forum in Davos.