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

Economics / auto industry, consumption, exports, GDP, imports, inventories, jobs, recovery, retail sales, stimulus, unemployment /

US Growth Picks Up – A Bit

January 27, 2012

Be careful with today’s report on US GDP. It looks better than it is. The headlines all read that the US economic activity accelerated in the fourth quarter of 2011. It did. At 2.8% the last three months of the year represent a significant improvement, and suggest that the recovery, however strong it is, is […]

Economics / Bernanke, Case Shiller Index, Federal Reserve Board, home prices, inflation, interest rates, monetary policy, new home sales, pending home sales, unemployment /

Actual News Not in Davos

January 26, 2012

In solidarity with the Chinese government I have decided to forego my trip to the annual Davos shindig. I am willing to overlook the fact that, for the second year in a row, my invitation arrived late. Actually it didn’t arrive at all. But I refuse to attend during the Chinese New Year celebrations. How […]

Commentary, Economics /

Policy as [Bad] Drama

January 26, 2012

Is is just me or are we firmly stuck in one of those endless dramas designed to drive us all batty? David Cameron just gave a speech in which he called for ‘urgent action’ to resolve the Euro Zone crisis. This must be the millionth time a serious person has called for urgency. Just for […]