The Radford Free Press – Page 369 – All life is problem solving.

Economics / consumption, deficits, Federal Reserve Board, GDP, industrial production, interest rates, jobs, recovery, stimulus, unemployment /

The New News Is Old News

August 19, 2010

Nothing changes it seems. Our rocky economy remains rocky. Instead of moving steadily towards the higher ground we are, apparently, doomed to wander in the lower reaches of recovery. This is not good news since it exposes us to a higher risk of relapse. But what’s new in that comment. Nothing. Today’s report on new […]

Economics / corporate profits, jobs, recession, recovery, unemployment, wages /

Profits, But No Jobs

August 12, 2010

The dichotomy could not be more stark. Profits have recovered, so companies are generating plenty of cash internally, and few, if any, face the kind of threat that destroyed GM a couple of years ago. Yet unemployment remains stubbornly high. The stand-off between business and its workforce has reached an impasse. If you have a […]

Economics / consumption, deficits, deflation, Federal Reserve Board, fiscal policy, GDP, inventories, jobs, Keynes, monetary policy, recovery, regulation, stimulus /

It’s The Demand, Stupid

August 11, 2010

Things are not looking very good. When we have luminaries such as Greenspan and Rubin agreeing that the economy is weak, but that it will get through this minor lull in good shape, we have to worry. Neither of them has much credibility any more, so I take their unanimity on the positive outlook as […]