The Radford Free Press – Page 365 – All life is problem solving.

Economics / auto industry, capacity utilization, GDP, industrial production, recovery /

Industrial Production: The Chug Continues

September 15, 2010

This week’s calendar of news releases is full of the lesser reports that allow us to fill in the details of economic activity. Each is simply a small part of the whole, but each contributes to the overall picture. Today’s example is one of the more significant: industrial production, which edged up 0.2% in August, […]

Economics /

With Respect to The Middle Class …

September 14, 2010

Today’sNew York Times hammers the Republicans for the failure of trickle down economics. It was always a noxious concept, and never had any theoretical or empirical content. But it sounded nice. The problem with trickle down economics is that the trickle petered out at the 1% level of all income earners. In fact the trickle […]

Economics / consumption, jobs, recession, recovery, retail sales, stimulus, unemployment /

Retail Sales Tick Up

September 14, 2010

Meanwhile, back at the economy … Today’s news that retail sales rose by 0.4% in August is obviously good news and worthy of note. That rate of growth is decent – not great, but OK – and follows a similar kind of growth in July. The key point to take away is that with this […]

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