The Radford Free Press – Page 275 – All life is problem solving.

Economics / construction, foreclosures, home prices, mortgages, real estate, recovery /

Home Sales Bounce Up

September 21, 2011

Committed as I am to the spirit of balance, I have to report briefly on today’s good news. Sales of existing homes rose 7.7% in August. Of course they are still way below the unsustainable pace reached at the peak of the bubble – they are pottering along at an annual rate of about 4.9 […]

Commentary, Economics / Bernanke, Federal Reserve Board, interest rates, monetary policy, stimulus, unemployment /

Republicans and the Fed

September 21, 2011

In the category of bald faced hypocrisy, this week’s attempt by the Republican Congressional leadership to strong arm the Fed, must surely scale new heights. Here’s the Associated Press story: WASHINGTON (AP) ‰ÛÓ Republican leaders of the House and Senate are urging Federal Reserve policymakers against taking further steps to lower interest rates. On the […]

Commentary, Economics /

Class Warfare

September 20, 2011

Oh get real. Obama’s melange of proposals include letting the Bush tax cut for the wealthy expire. That was the Bush plan, although I am sure he imagined the Republicans could force it to linger on indefinitely. But now that Obama suggests executing the Bush plan we hear cries of “class warfare” from the right. […]