The Radford Free Press – Page 360 – All life is problem solving.

Economics / consumption, federal spending, fiscal policy, GDP, imports, inventories, recession, recovery, state spending, stimulus, unemployment /

GDP Revised Sideways; Jobs Edge Up

September 30, 2010

Todays has seen a little flurry of news, so lets’ just take a look: The latests revision of GDP was released, and showed practically no change. At 1.7%, GDP growth was mediocre in the second quarter to say the least. The details are worth looking at because they give us insight into the probable course […]

Economics / banking, deflation, Federal Reserve Board, interest rates, monetary policy, quantitative easing, stimulus /

Run Away: The Fed Gives In?

September 29, 2010

This is plainly ridiculous.I am stupefied by the nonsense emanating from officialdom over the economy. Two separate Federal Reserve presidents recently made total fools of themselves, and yet they are taken seriously. Philadelphia Fed President Charles Plosser and Minneapolis Fed President Narayana Kocherlakota have both given speeches, and made other comments within the last day […]

Economics / consumer confidence, consumption, GDP, jobs, unemployment /

Consumer Confidence Slips Again

September 28, 2010

It’s tough to have a vibrant economy when the people who comprise that economy are in a funk. So the news that consumer confidence has slipped a little more and is now below where it was at the beginning of the year is not good news. The Conference Board calls the 48.5 reading for September […]