Let the EconoMonitor Speak (While I Get Back to Explaining the Industrial Revolution)

You won't find more trenchant analyses of the Euro crisis than these blogs on Roubini's EconoMonitor (from ‘EconoMonitor Highlights,’ 15 Nov. 2011). The complacency and sangfroid of Jens Weidmann yesterday in Frankfurt in the face of an oncoming freight train called market panic/the "Lehman moment" are breathtaking (see Jack Ewing in yesterday's NY Times).

We are now thinking about the unthinkable. Many are saying that we are watching a slow motion train wreck as the risk is rising that the Eurozone will break up. So now what?  Nouriel Roubini, Rebecca Wilder, Randy Wray and William Oman weigh in:

• Why Italy’s Days in the Eurozone May Be Numbered by Nouriel Roubini

• Rising Risk of Eurozone Breakup by Nouriel Roubini

• Eurozone Crisis: Here Are the Options, Now Choose by Nouriel Roubini

• European Policy Makers Don’t Understand But Markets Do by Rebecca Wilder (The Wilder View)

• Is This the End of the Faith-Based European Monetary Union? by L. Randall Wray (Great Leap Forward)

• Europe’s Perfect Storm: When Possibility Meets Actuality by William Oman (RGE Analysts Blog)