The Radford Free Press – Page 326 – All life is problem solving.

Economics / bailouts, banking, Case Shiller Index, home prices, real estate /

House Prices Slip Again

January 25, 2011

It is worth noting today’s Case-Shiller index report. Home prices slid slightly again in November, the latest month for which we have data. The decline was slight at -1.0%, but it adds to a series of bad months recently and means that the year ended in November 2010 saw a 1.6% decline. So housing lost […]

Economics / bailouts, bank reform, banking, interest rates, monetary policy, Paul Krugman /

Bank Subsidies

January 25, 2011

I take slight issue with Krugman today. His blog at the New York Times has an entry about low cost funding from the Federal Reserve Board acting as a subsidy to the banks. He is too dismissive of the claim made by Axel Leijonhfvud that because the Fed is providing the banks with reserves at […]

Commentary /

Commentary: Hawk or Dove? Nirvana or Real World? Our Choice

January 21, 2011

Dante must have had something very much like this in mind as he wrote. Ours is not a descent into hell of course, unless you are one of the unfortunate unemployed being cast aside as an unwanted statistic. No, ours is a descent into economic insanity. And you have a choice before you: abet that […]

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