The Radford Free Press – Page 295 – All life is problem solving.

Economics / banking, consumer confidence, consumption, deficits, jobs, Minsky, recession, retail sales, unemployment /

Stagnation Beckons

May 12, 2011

So. What is going on? Today’s report on new claims for unemployment assistance looks good on the surface. It undoes some of the backwards motion of the last few weeks, and so arrests the decline. But it is nowhere near sufficient for us to claim that the jobs market is back on track. The 44,000 […]

Commentary, Economics /

Republicans and Confusion

May 11, 2011

In general I am all in favor of having solid choices. For voters that is. This means that at election time each side of the political spectrum should be able to articulate a clear, or at least fairly clear, idea of its attitude towards the larger issues of the day. Like Medicare. Like the economy. […]

Economics / exports, Federal Reserve Board, GDP, imports, inflation, interest rates, oil prices, recovery, trade deficit, unemployment /

Trade Worsens; Realism at the Fed

May 11, 2011

A mixed bag today: the US trade gap widened, despite a good increase in exports; and Sandra Pianalto, the head of the Cleveland Fed, made a very sensible speech in which she talked down inflation expectations, and gave a quite gloomy view of the job market. The trade gap widened to a nine month high […]

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