Bill Gross is skeptical of QE2. What does he want us to do?

Krugman on the Catfood Commission.

Update: It’s here. And it really is that bad. The idea that co-chairs of a commission whose charge is fiscal sustainability should take it upon themselves to (a) declare that federal revenue must not exceed 21 percent of GDP -- that’s right, putting a cap on receipts and (b) call for reducing the top rate from 35 to 23 is just awesome.

This is how history will judge Obama. I can't believe he will go there. If so he will really demoralize his base. Hopefully the economy will recover by 2012 and the independents will come back as the Republicans implode. But Boehner seem smarter than Gringrich.

Leonhardt on gold buggery

This new Coen brothers film trailer gave me the chills!

Yglesias asks:

Now that the campaign’s been over for a while can we all step back and ponder how nutty it was for Meg Whitman to spend $140 million on a failed bid to become Governor of California?

Gretchen Morgenson writes about an analyst who saw the housing bubble and is now seeing the economy turning the corner by August 2011 based on his analysis of small business.