The Radford Free Press – Page 254 – All life is problem solving.

Greek Drama

February 21, 2012

My father in law was from Drama. Somehow it’s fitting that the Greeks gave us the best word to describe their situation. Dramatic indeed. Sometime, no doubt, a great many books will be written about this particular piece of drama. The news has been filled for so long with stories about the Greek economy being […]

Economics / construction, Greece, home prices, real estate, recovery, wages /

Building Confidence? Not in Greece

February 15, 2012

File this under small blessings: the index that measures real estate construction business confidence increased again. This is five straight months of gain. The mood of despair that marked so much of the last few years is finally, and very slowly, lifting. Please re-read that: the mood is changing very slowly. The index has now […]

Economics / B. of A., bailouts, bank reform, banking, bankruptcy, Citibank, JP Morgan Chase, Minsky, Volcker Rule /

Volcker and Banks

February 14, 2012

We have reached a crucial point in our attempt to bottle up the banks. It looks as if they will win. That means the economy will lose, and the likelihood of a new crisis immediately jumps. Read your Minsky. And weep. There is a looming deadline in the Dodd-Frank regulations that requires rules to go […]

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