The Radford Free Press – Page 346 – All life is problem solving.

Economics / Federal Reserve Board, fiscal policy, monetary policy, quantitative easing /

QE2 Backlash

November 5, 2010

Well I told you so. The rest of the world, or rather a vocal subset thereof, are making all sorts of interesting negative comments about our venerable QE2 which is scarcely a day old. Rarely has a policy action been so derided by our fellow global citizens. The Germans call it ludicrous, and the Chinese […]

Economics / jobs, Obama, unemployment /

Modest? Mediocre? Employment Numbers Disappoint

November 5, 2010

I suppose the good news in today’s employment report from the government is that the economy added 151,000 new jobs in October. That’s obviously better than losing jobs. But it was insufficient for the unemployment rate to decline, and so it remains stuck at an ugly 9.6%. The improvement in job creation we saw at […]

Economics / deflation, Federal Reserve Board, inflation, monetary policy, quantitative easing, stimulus /

QE2 Is Launched With a Whimper

November 3, 2010

Since I won’t have time to post tomorrow, I ought to squeeze in a comment about the Fed’s launch of QE2 today. They have announced a plan to buy up $600 billion of assets in an effort to provide the economy with enough cash to get something going. Not good enough. Particularly when we consider […]

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