The Radford Free Press – Page 298 – All life is problem solving.

Economics / capacity utilization, GDP, home prices, industrial production, real estate, recovery /

Dreary As She Goes

May 17, 2011

Today’s news matches the weather: dreary, below average, and dispiriting. This is supposed to be spring. It feels very far from that. I suppose there is no real news in the report that housing starts gave up what meager ground they had gained in March. April’s drop of 10.6% to an annual rate of 523,000 […]

Commentary, Economics /

Insider Trading and Wall Street’s [Un]Ethics

May 16, 2011

I’m bored with debt defaults. No one seems to worry about them, so I won’t. How about insider trading? That sounds like fun. The much heralded Galleon case and the guilty finding against a well respected money manger has confused Wall Street. The boys and girls down there are throwing a hissy fit. How can […]

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 […]

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