The Radford Free Press – Page 221 – All life is problem solving.

Economics / business investment, consumer confidence, consumption, fiscal cliff, GDP, government spending, growth, trade /

Modest Growth – Very Modest

October 26, 2012

Under normal circumstances – who can remember when they were? – GDP growth of about 2% would be looked at as something of a failure, but for a long time now anything in the 2.0% to 2.5% range has been regarded as an optimistic target. Such are the consequences of a bloated financial sector. This […]

Economics / economic policy, growth, home prices, new home sales, real estate /

Home Sales Perk Up

October 24, 2012

Good news: sales of new homes rose 5.7% in September to an annual rate of 389,000. This is the highest rate of activity since early 2010 when the imminent expiry of the first-time home buyer tax credit artificially boosted sales. That we can look at today’s figures with some optimism is telling. September’s level of […]

Economics / economic policy, economic theory /

Banking in the Middle

October 24, 2012

Politics is dominating the US scenery right now, so very little constructive conversation is taking place in Washington about how to fix the economy. That doesn’t mean that people elsewhere aren’t talking. Andrew Haldane, for instance, has given us a brief insight into his views. They resonate well here. The economics profession was, and remains, […]

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