The Radford Free Press – Page 261 – All life is problem solving.

Economics / bond markets, deflation, Euro, Germany, interest rates /

Euro Break-Up Beckons

November 24, 2011

It’s a holiday here in the US so we can all sit back and watch the slow motion dance towards the break-up of the Euro while we ponder our own ineptitude. An ineptitude that, fortunately, we can take a day’s break from. Why talk of the end of the Euro? Because of the spectacle that […]

Economics / consumption, GDP, inventories, recession, recovery /

GDP Revised Downwards

November 22, 2011

I don’t think there was too much surprise, except, of course, amongst the Wall Street stock market shills, in today’s announcement that third quarter GDP was lower than first reported. Growth was trimmed from 2.5% to 2.0%. The biggest shift down came in the form of a much reduced business inventory number. Apparently businesses had […]

Economics / bond markets, creditors, deficits, fiscal policy, inflation, interest rates, monetary policy, US Treasury Bonds /

My Density Factor

November 21, 2011

I must be dense. There is something really odd about today’s activity in the US bond market. Treasury prices rose. The 10 year bond now has an interest rate below 2%. With inflation over the last twelve months running at around 3.5%, that means investors are getting a negative real rate. They are paying us […]

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