links for 2010-06-06

Paul Krugman: Lost Decade, Here We Come

PK: "the deficit hawks want their cuts while unemployment rates are... near-record... monetary policy... [at:] the zero bound. But what about Greece and all that? Look, right now sovereign debt problems are taking place in countries with a very specific problem: they're part of the euro zone, AND they're badly overvalued thanks to huge capital inflows in the good years; as a result they're facing years of grinding...