Interesting Picks

Calculated Risk's Weekly Summary and a Look Ahead

My Hurriyet column for tomorrow is called the Sum of All Fears, but my Turkish scenario is peanuts compared to this Minksy scenario.

Bob Shiller, who happens to be your friendly neighborhood economist's undergrad thesis adviser, is wary of the economic outlook.

Jeff Frankel summarizes his recent paper on early warning signals for predicting crises.

Yet more on when a fiscal contraction could be expansionary.

Keynes versus Alesina, who used to be married to Turkish economist Sule Ozler.

James Hamilton looks at the latest data and sees no double dip. The Economist's Free Exchange reaches the same conclusion from Friday's NFP report.

Great summary from Rebbeca Wilder on G7 unemployment rates.

Yves Smith skeptical of Euro Area bank stress tests.

Tyler Cowen summarizes the recent writings on the Irish fiscal austerity experience.

Last but not the least, this post would be incomplete without a couple of unemployment links: Comparing this recession to previous ones through job changes,  the duration of unemployment (really shocking graph), WSJ explaining why the unemployment rate dropped despite the lousy NFP report and FT Money Supply on the good, the bad and the ugly of the NFP report.