The GFC is all about a lack of aggregate demand Paul Krugman has a ggod link on his blog http://krugman.blogs.nytimes.com/2010/09/15/its-demand-stupid/
Michael Lewis is one of our favourite writers. Whether it was "Liars Poker" and the old trading room at Salomon's , through the Oakland A's in "Moneyball" or his recent book about the GFC "The Big Short" he is always entertaining and insightful. Here is a link we read the other day to a Vanity Fair article on Greece. Another Good read http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds-201010?printable=true
Our co-favourite Blogger Barry Ritholtz has a link for the Lehmans 2 year anniversary. http://www.ritholtz.com/blog/2010/09/lehmans-bankruptcy-2-year-anniversary/
The Japanese intervened in the USD/JPY market to support the Dollar yesterday and weaken the Yen for the first time in 6 years. This is no small move on their part and it drove the USD/JPY up 2.5 big figues and the EUR/JPY the best part of 4 big figures. We are worried that this is the start of beggar thy neighbour FX policies which would not be a good thing for the global economy. Here is a story from Bloomberg.
http://www.bloomberg.com/news/2010-09-15/japan-s-solo-run-on-yen-may-reveal-flaw-in-global-drive-on-export-recovery.html
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