The Radford Free Press – Page 226 – All life is problem solving.

Weekly Summary / economic policy, elections, GDP, leadership, Obama, plutocracy, Romney /

Weekend September 28, 2012

September 28, 2012

This week was dominate by two themes: the continuation of muddle as our economy wallowed along, better but not a whole lot; and the apparent implosion of the Romney presidential campaign. First the economy: The big disappointment was the downward revision of GDP for the second quarter. The final numbers – this is the third […]

Economics / consumption, durable goods, GDP, growth, incomes, jobs, leadership /

Incomes Flat, But Spending Up

September 28, 2012

So we end the week with a little more insight into consumer behavior. The numbers for August show a scant 0.1% rise in personal incomes, continuing what is now a well established trend of very mediocre gains. In contrast, spending rose at a 0.5% clip, implying that households dipped into savings in order to spend. […]

Economics / job creation, Obama, Romney /

Jobs: Not As Bad As We Thought?

September 27, 2012

I would be remiss if I didn’t bring to your attention a press release today from the Labor Department. It announces that it has recalculated job gains and losses over the past few years and – drum roll please – we gained back more than originally thought. Specifically we undercounted the gains during the year […]

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