The Radford Free Press – Page 354 – All life is problem solving.

Economics / bank reform, banking, deficits, dollar, foreclosures, GDP, imports, interest rates /

Thoughts For The Weekend

October 22, 2010

Here are some snippets to ponder while you wait for the weekend to get under way: The US is pushing for the G20 countries to adhere to limits on their trade deficits. The suggested limit is 4% of GDP. How convenient for the US that its trade deficit is only 3.2%. Some other usual suspects […]

Economics / banking, foreclosures, real estate /

Foreclosure Mess: Do We Care About The Law?

October 21, 2010

One of the things that irks me most about the ongoing scandal over improper foreclosure efforts, and the apparent flagrant willful ignorance of the due process involved in it by the banks, is the implied contravention of property rights. One of the bedrocks of American capitalism is the system of property rights it inherited from […]

Economics / jobs, leading indicators, unemployment /

Job Losses: An Improvement?

October 21, 2010

Not enough unfortunately. But let’s not be too churlish. We have to take that first step in any long journey. So today’s report on new claims for unemployment assistance is welcome, if not stunningly good, news. Claims dropped by 23,000 last week to 452,000. So we have fallen away from the near 500,000 level we […]

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