The Radford Free Press – Page 203 – All life is problem solving.

Commentary / bank reform, banking, Geithner /

Geithner’s Poor Legacy

January 30, 2013

It’s my turn to comment on Tim Geithner’s unfortunate legacy at the Treasury Department. I think that, by and large, that legacy has to be seen through the lens of Wall Street. He was an ally of Wall Street, he bent over backwards to help Wall Street, and will forever be associated with an overly […]

Economics / austerity, business investment, consumption, demand, durable goods, economic policy, GDP, government spending, growth, inventories, real estate, trade /

The Economy Trips Up – Or Does It?

January 30, 2013

Oh dear. Two days ago I suggested things were looking up. Today we hear about fourth quarter economic growth. GDP – the measure we use, rightly or wrongly, as a yardstick for economic growth – fell very slightly, by 0.1% at annual rates, in the fourth quarter last year. The brouhaha Monday, if you recall, […]

Economics / business investment, durable goods, economic policy /

Signs of Life?

January 28, 2013

This is going to be a busy week for economic data, and today saw us off to a decent start. Orders for durable goods – those big ticket items that typically last a few years – rose 4.6% in December from an upwardly revised November. There are two things to note: One is that the […]