I thought this was good, not great, but it’s all the rage today so maybe you should take a look at Michael Lewis and David Einhorn’s The End of the Financial World as We Know It from Sunday’s New York Times.
The link is to the first of two parts. The second part is How to Repair a Broken Financial World.
In this morning’s column Krugman says, “The fact is that recent economic numbers have been terrifying, not just in the United States but around the world. Manufacturing, in particular, is plunging everywhere. Banks aren’t lending; businesses and consumers aren’t spending. Let’s not mince words: This looks an awful lot like the beginning of a second Great Depression.”