Links on the current (and future?) recession

The Beer Recession (Economix)
Growth and Jobs, a.k.a. Okun's "Law" (Free Exchange)
The "R" word on the rise (The Economist)
Technology and jobs: Short run vs. Long run (Free Exchange)
Housing prices versus rental prices. Somethings gotta give (read: Sell my effing house!) (Economix)
Debt and growth according to the IMF (BBC News) My view is that it's not so much debt as political risk. In the short run, the fundamentals of our (and Europe's) economy can withstand the current levels, burdens, and rates of growth in the levels and burdens, in the debt. I also don't see specific policy "A" or specific policy "B" as being the most important thing, so much as greater agreement, consensus and confidence that policies will be stable of the the forseeable time horizon. In the long run debt does matter, but anyone who claims to be serious about controlling it must admit that three things have to be on the table: (1) taxes; (2) defense; and (3) programs for seniors.