The Baseline Scenario

The Baseline Scenario is a blog about the current global financial crisis, written by Simon Johnson and James Kwak. Here a couple of their other recent articles.
The Radicalization of Ben Bernanke in the Washington Post.
He is throwing trillions of dollars at the financial crisis. What happens if his gambles don't pay off?
The Quiet Coup in the Atlantic.

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.