(Click on Image to Enlarge)Slump: How the Dow Jones and FTSE, as well as other markets and commodities, have fallen this week. Daily Mail
A Global Laughingstock -- Philip Bowring, Real Clear World
The American television drama, complete with clocks ticking toward a default Armageddon, has finally ended. It was always more theatre than real crisis. Markets rightly guessed that even US politicians would balk at responsibility for default. The dollar has weakened, but there has been no mass flight from US bonds or a repeat of the contagion which followed the collapse of Lehman Brothers in 2008. Those who wanted to flee the US bond market have few places to go other than speculations like gold. But meanwhile the US has made a fool of itself and raised the long-term cost of government borrowing.
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Commentaries, Opinions, And Editorials
The Global Rout: The Keynesians have fired all their ammo and here we are. -- Wall Street Journal editorial
Once Upon a Time in the West -- Jakob Augstein, Spiegel Online
Europe Charges toward Second Great Depression -- John Quiggin, National Interest
The economic mood is darkening by the day -- The Telegraph editorial
Unwanted Missiles for a Korean Island -- Christine Ahn, New York Times
North Korea's carrot-and-stick strategy -- L.A. Times editorial
Mubarak: Avoiding 'victor's justice' in Egypt -- L.A. Times editorial
Washington’s uneasy alliance with Bahrain -- Thomas W. Lippman, Washington Post
How Iran Defeated Obama -- Patrick Seale, The Diplomat
Amid budget crisis, a defense of foreign aid -- Sen. John Kerry, Washington Post
An implausible plan to fight terrorism through community outreach -- L.A. Times editorial
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