The Radford Free Press – Page 371 – All life is problem solving.

Economics / deficits, deflation, fiscal policy, GDP, inflation, Keynes, monetary policy, stimulus /

Deflation Express?

August 4, 2010

“It is hard to see a light at the end of the tunnel for housing. Lower rates are not spurring activity because the light may be from a deflationary train.” Thus ends an article on the Federal Reserve Board’s holdings of mortgage backed securities in today’s Financial Times. I hate to keep harping on this […]

Economics / consumer confidence, consumption, creditors, deficits, deflation, Federal Reserve Board, GDP, inflation, ISM Business Conditions Index, jobs, savings, wages /

And Slower We Go

August 3, 2010

The news this week has been mediocre at best. That’s the most optimistic I can get over the data released yesterday and today. Manufacturing activity is now slowing down from the peaks of early this year, household incomes are flat, consumption has hit a wall, disinflation gathers pace, and savings are way too high. Not […]

Economics / banking, consumption, deficits, deflation, Federal Reserve Board, fiscal policy, GDP, inflation, jobs, Keynes, monetary policy, recession, stimulus /

The Slowdown Is For Real; Is Deflation Next?

July 30, 2010

What can we say about today’s GDP report? Not much that hasn’t already ben said: the economy is slowing down quite quickly. Growth in the second quarter fell to 2.4%, compared with 5.0% in the last quarter of 2009, and 3.7% in the first quarter 2010. That’s fairly dramatic and a much more rapid slow […]