The Radford Free Press – Page 255 – All life is problem solving.

Economics / GDP, jobs, recovery, retail sales, wages /

Sales Point the Way

February 14, 2012

The stock market sagged at the sight of today’s retail sales report. The news was note as good as Wall Street had forecast, so stock prices had presumably anticipated something that didn’t exist. What a shock. Coming out of the end of last year some forecasters had begun to hyper ventilate about 2012 being a […]

Economics / jobs, unemployment, wages /

Getting Trendy

February 9, 2012

The economy is all about trends and tendencies. We have to watch data over longer periods in order to identify where it is headed because short term or one-off bumps and leaps can mislead us easily. In that context we should pay attention to today’s news that new claims for unemployment assistance dripped 15,000 to […]

Economics / B. of A., banking, Citibank, JP Morgan Chase, Obama, recovery /

The Art of Bankers and Economists

February 6, 2012

The big question, and one I have been asked several times this morning already, is this: does the good jobs report last week signal a major shift in the economy? No. Clearly the tone of things has changed, but there are still large reservoirs of under-used resources to be brought back on line before we […]

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