More evidence of that cold snap in Hades, courtesy of Brad DeLong

Goldman and Morgan

So an analyst (admired by Dr. Krugman) at Goldman, which is reporting a $428 million hit, and proposes public-sector intervention to promote economic expansion. Dr. DeLong also notes experts at Morgan Stanley have advocated for something similar specifically in the housing market.

Meanwhile the International Monetary Fund is rethinking that austerity thing.

Later,

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