The Radford Free Press – Page 282 – All life is problem solving.

Economics / bank reform, bankruptcy, consumption, household debt, jobs, productivity, recovery, stimulus, unemployment /

Productivity and Its Place In Our Story

August 9, 2011

The stock market is rising strongly today after yesterday’s plunge. I won’t bother to dignify this extraordinary oscillation with a comment other than to say that anyone who believes stock’s are “efficiently” priced has a lot of explaining to do. Precisely what, I wonder, is so positive today that it can offset yesterday’s negativity. More […]

Commentary, Economics /

Downgrade Reaction

August 8, 2011

Today’s slide in stock prices around the world is not due to the downgrade of US bonds. It is due to the final realization, by hitherto myopic analysts, that we are on the brink of another recession, and that for all the talk of recovery over the last year or so, what growth we have […]

Economics /

Headed To Recession?

August 4, 2011

Well it didn’t take long for the stock and credit markets to vote on the efficacy of American economic policy. Judging by today’s massive stock market sell off, coupled with the steady decline of bond rates, the vote is clearly a negative one. The markets are giving us the collective thumbs down. Evidently sentiment is […]