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

Economics / bailouts, banking, depression, Keynes, Minsky, Obama, Reagan, recession, recovery /

Obama’s Failure: Part 2

September 3, 2010

A few of you have called me harsh in my criticism of Obama. Perhaps I am. Allow me to expand a little on why I have the opinion I do. My narrative goes this way: My worldview is largely informed by my own experience and education. No news in that. But it is heavily influenced […]

Economics / fiscal policy, jobs, monetary policy, stimulus, unemployment /

Jobs: Mixed News

September 3, 2010

One of the themes we are seeing most frequently nowadays is the stock market’s over reaction to any shred of good news and its avoidance of any bad news. Today’s report on employment is a classic example. The facts are these: payrolls dropped by 54,000 in August; the unemployment rate edged up to 9.6%; but […]

Economics / ISM Business Conditions Index, manufacturing, recovery /

Manufacturing Bumps Up

September 1, 2010

Judging by the hysteria on Wall Street this morning an impartial observer would be forgiven for thinking we had suddenly burst free of the grip of mediocrity. No such luck. What caused the rumpus was a very slight increase in the Institute of Supply Management’s Index of manufacturing activity. The index bumped up from 55.5% […]

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