The Radford Free Press – Page 265 – All life is problem solving.

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 […]

Commentary, Economics /

Technocrats, Ethics, and Radical Economics

November 18, 2011

Right at this moment the lives of hundreds of millions of people, or at least their immediate economic prospects, are in the hands of a narrowing number of technocrats and politicians. That the technocrats have been given control in two Euro Zone countries is an affront to democracy. That the technocrats are, by and large, […]

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