The Radford Free Press – Page 352 – All life is problem solving.

Economics / consumption, deficits, exports, Federal Reserve Board, fiscal policy, GDP, imports, inventories, jobs, monetary policy, non-residential investment, stimulus /

More GDP Muddle

October 29, 2010

We have been waiting for a while for today’s first look at third quarter GDP. We should have known better. At an annualized rate of 2.0% it was neither good nor bad. Frankly this concerns me more than either of those results would have. Muddling through is fast becoming the American way. That cannot be […]

Economics / Keynes, Milton Friedman, monetary policy, Paul Krugman /

1,001st Post: Economics, Ideology or Science?

October 28, 2010

This is my 1,001st post since the site redesign, and the 2,093rd overall. Phew. And after all that what have I learned about economics? That it is ideological and not scientific. That this is so is easy to demonstrate, and I tip my hat to Paul Krugman for giving me the answer, although I am […]

Economics / GDP, jobs, real estate /

Jobs and Housing: Slight Improvement

October 28, 2010

The news over the last two days has been somewhat brighter. Both housing and unemployment showed signs of moving in the right direction. The key, of course, is whether this continues, but as of the moment we can be a little more optimistic. Naturally, economics being what it is, there are still clouds hanging around, […]