The Radford Free Press – Page 358 – All life is problem solving.

Economics, Politics / Bush, deficits, government spending, Reagan, tax cuts, taxes /

The Republican Pledge … Not!

September 24, 2010

It must be election season. We know this because we are being honored with another Republican Party pledge to reduce the size of government. Like all such seasonal arrivals it wears a bit thin over the years, but is greeted with enthusiasm and interest by the media whose responsibility it is to keep all the […]

Economics / durable goods, durable goods orders, GDP, stock market, Wall Street /

Durable Goods slide; Wall Street Jumps … Huh?

September 24, 2010

You know it’s been a boring week on Wall Street when a very middling sort of report is sliced and diced in order to justify a strong run up in stock prices. The boys needed toys. What happened? The report for August durable goods showed a decline of 1.3%. That’s generally not something to cheer […]

Economics / home prices, jobs, real estate, unemployment /

Home Sales and Unemployment. We Are Stuck.

September 23, 2010

There really is not much to say about today’s reports, other than to acknowledge that they indicate continuing malaise. Sales of existing – as opposed to new – homes edged up 7.6% in August. Normally that kind of growth would deserve some applause, but August’s improvement was preceded by the devastation of July when sales […]

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