The Radford Free Press – Page 211 – All life is problem solving.

Economics / austerity, consumer confidence, economic policy, fiscal cliff, GDP, government spending, growth, Obama, Republicans /

Bad Dealing

December 18, 2012

Well the rumors are swirling with enough detail mixed in that the consensus is probably right: there is a deal in the works. A deal, that is, to prevent us going over the so-called ‘fiscal cliff’. Is this good or bad? If you’re like me an subscribe to the view that we don’t have a […]

Economics / consumer confidence, consumption, Federal Reserve Board, inflation, jobless claims, retail sales /

Economic Update

December 14, 2012

We ought, briefly, to catch up on the latest news, most of which points to the ongoing sideways movement of the economy. Yesterday’s numbers on new claims for unemployment assistance was pretty much in line with expectations. Claims fell by 29,000 to 343,000 which is still a relatively high level but much closer to healthy […]

Economics / austerity, business investment, economic policy, Federal Reserve Board, inflation, interest rates, monetary policy, unemployment /

Explicit Fed

December 12, 2012

The Fed has shocked some people today. I don’t think it shocking at all. I see today’s announcements as the continuance of a trend, so the shock is not so significant as others seem to think. Still things are different now. The shift people are focusing on is the explicit nature of the Fed’s targeting. […]

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