Let Michael Moore point out, entirely correctly, the close ties between the Saudis and the Bush family, and he’s blasted as a crazy conspiracy theorist. On the other hand, let Donald Luskin suggest, in 2004, that George Soros is planning to engineer a financial crisis to defeat Bush, and he gets to publish front-page articles in the Washington Post Outlook section declaring that there isn’t a recession.
--Paul Krugman
10 Friday AM Reads
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My end-of-week morning reads: • The Credit Market Lens: Rich Spreads, Cheap
Treasuries, and an Incomplete Explanation: The evolution of credit spreads
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1 hour ago

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