the Global Macro EconoMonitor:
Could an Early Warning System have Predicted the Crisis? by Mark Thoma
Also:
China in Global Economic Recovery by Danny Quah
Aug 102009
Adam S. Posen points out the important difference between capital from a persistent trade deficit that is utilized for investment versus capital that is used for consumption, and considers the consequences of America’s decade of wasteful over-consumption. See American Saving Is No Excuse for Schadenfreude.
Six Crises, 2009: A Half-Dozen Ways Geopolitics Could Upset Global Recovery , Michael Moran ranks 6 lurking geopolitical dangers that have the potential to foment major disruptions.
Clunk This!
You can try to persuade James Hamilton that destroying productive physical capital is a way to improve the welfare of the average American, but you probably won’t succeed. See Cash for Clunkers: A Victim of its own Success?