The Radford Free Press – Page 259 – All life is problem solving.

Economics / bankruptcy, consumer confidence, consumption, creditors, GDP, home prices, Minsky, real estate, recession, recovery /

Bleak Housing; Brighter Debt

January 20, 2012

Today’s slightly upbeat report does nothing to mask real estate’s rotten 2010. For the record: sales of existing homes rose 5% in December hitting an annual rate of 4.61 million homes. Part of the increase is accounted for by the revision down of November’s numbers and the rest by the extraordinarily low mortgage rates and […]

Commentary, Politics / banking, Romney, taxes /

Romney and His Taxes

January 19, 2012

This is a quiet day. Except for Mitt Romney and his charge to the Republican nomination. A furor has broken out over Romney’s tax rate. He, like many very wealthy Americans, lives in a different tax code from the rest of us. Up there in the higher reaches of the income atmosphere tax rates are […]

Economics / economic theory, Economics, Obama, Romney /

Captain America?

January 18, 2012

The Economist’s astonishingly tone deaf editorial on Mitt Romney – “America’s next CEO?” – is partisan, wong-headed, and naive. The very title gives away the fundamental error: America does not need a CEO. The popular notion that business experience somehow makes for a more productive president is horribly misguided and displays a misunderstanding of politics […]