A selection of comment and analysis articles:

Roger Bootle writing in the Telegraph says that the time for caution on behalf of the MPC is long gone. The Bank of England risks taking interest rate caution to the point of recklessness

Anatole Kaletsky has another go at Hank Paulson It is essential to prevent a loss of confidence in banks

An FT editorial argues the case for the Chinese government to step up fiscal spending and boost domestic consumption as the global economic slowdown deepens China must step up spending

Stephen King writing in the Independent calls for concerted and decisive action to prevent a banking collapse and a depression Roosevelt’s lesson… a decisive act to break the psychology of depression

Tim Harford takes a different slant on the credit crunch and delves deeper into the concept of moral hazard - it is unavoidable? Time to drop the baggage that comes with moral hazard