The first is a video that explains the mortgage mess including how securitization works. Though clearly VERY oversimplified it does offer a great sketch of how securization and leverage works. I am going to watch it again with my kids. HERE IT IS.
If you do not already subscribe to BASELINE SCENERIO you need to. I have been for months now and I find the writing incredibly insightful and right on. Read his latest.
A thoughtful piece from an economist on the latest round of horrible economic data combined with some insights on what the administration could and should be doing.
Last - a piece from Econbrowser on what to expect from the stock market. I am not an expert here, and appreciate expert thinking. Again I am not saying I agree with it all but it is worth the read. Warning... somewhat advanced.
Have a great day. A few hours of work and I am going to play in the snow with my kids and my dog. It does not get any better then that..........