The Radford Free Press – Page 215 – All life is problem solving.

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. […]

Commentary, Economics /

Robots Don’t Buy Stuff

December 12, 2012

With the fiscal cliff now swallowing the entirety of Washington and media corps, the rest of us can sit back and get on with life. We can also start to discuss the real issues that have eroded the economy. Some folks have just noticed that the balance between profits and wages is awry. A lot […]

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