Elsewhere on Wednesday,
– It’s not how big the austerity measures are, it’s how you do it that matters.
– A flood of foreclosed homes onto the market could push US home prices down 10 per cent.
– But don’t worry, Chinese buyers are snapping up some of them.
– Harmful side-effects of low marginal tax rates, take two.
– Why Minsky matters.
– Three surefire failure methods.
– Monetary union without fiscal union, what a great idea.
– Further, further reading.