The Radford Free Press – Page 210 – All life is problem solving.

Commentary / austerity, economic policy, fiscal cliff, GDP, Obama, Republicans /

Oh Boy: Over the Cliff We Go?

December 20, 2012

No one knows exactly what went on, but this evening’s extraordinary melt down within the House Republican caucus is surely a historical moment. Here’s the story: Speaker Boehner has been negotiating a deal to resolve the so-called ‘fiscal cliff’ with President Obama. Set aside whether we think the economy has a debt or budget problem. […]

Economics / austerity, business investment, consumption, demand, durable goods, economic policy, fiscal cliff, GDP, growth, monetary policy, real estate, trade /

Moderate Growth Mid-Year

December 20, 2012

It’s difficult to get excited about data that is so old. So today’s third, and final, version of third quarter GDP is notable mainly as a benchmark. It is highly likely a high water mark for 2012 and perhaps even for 2013. All the evidence suggests we have been in a gradual slowdown since mid-year. […]

Economics / austerity, fiscal cliff, Obama, Republicans /

On Second Thought

December 19, 2012

That was yesterday. Today, well everything looks so different. Whereas a deal to prevent us going over the so-called ‘fiscal cliff’ appeared well in the works over the weekend and into this week, it now seems that we might all be mistaken. The Republicans have hardened their stance. We are almost back to the black […]