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

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 […]

Economics / austerity, economic policy, government spending /

British Test Case

January 25, 2013

For those austerity advocates amongst you: may I draw your attention to the plight of the British economy? Its’ headed down again. There’s a distinct possibility that it will enter recession. Make that a third recession. A rare triple dipper. The prolonged slump pervading Britain has now lasted longer than the Great Depression. It is […]