The Radford Free Press – Page 374 – All life is problem solving.

Economics / auto industry, jobs, unemployment /

Jobless Claims Rise? Maybe

August 5, 2010

We are left trying to put a good spin on today’s sad report that new claims for unemployment assistance rose 19,000 to 479,000. All the good work of last fall and early winter has been lost and 2010 has been a year of steady drift. Claims are now 5.5% higher than they were at the […]

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 […]