The scariest sentence I’ve read today
By Ezra Klein,
Paul Krugman/New York Times From FT Alphaville:
Rather than debating if there will be a recession in Europe, economists are now trying to figure what it will look like and how long it will last.
Yikes. The Venn diagram atop the post, incidentally, is Paul Krugman’s one-graphic explanation of the Euromess. Looks about right to me.