The Radford Free Press – Page 311 – All life is problem solving.

Economics / consumption, GDP, industrial production, inflation, jobs, recession, unemployment, wages /

We Keep On Muddling Along

March 17, 2011

The economic news continues to be mixed. Not bad, but the good always comes with a twist. Industrial Production: Take today’s report that industrial production dropped 0.1% last month. The view on the “street” was that it would grow 0.7%. Even if we discount the analyst’s views, as we should given their optimistic bias and […]

Economics / home prices, housing starts, jobs, unemployment, wages /

Housing Slips Again

March 16, 2011

The news this week has been ho-hum. Nothing enough to alter our projection for the economy. Besides the events in Japan are a more compelling and important story than the relatively minor trickle of data here. The exception being housing. You may recall that housings starts jumped quite a bit in January up to an […]

Commentary, Economics /

The Efficiency Myth

March 14, 2011

I hate efficiency. I hate it with a passion. It always seems to drive people into making absurd and dangerous decisions. In a world where the future is unknowable, that is where uncertainty reins supreme, it is a very stupid strategy to attempt to be efficient. Dinosaurs were very efficient. Supremely so. They thus ruled […]

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