The Radford Free Press – Page 375 – All life is problem solving.

Economics / banking, business investment, consumer debt, consumption, credit cards, GDP /

Consumers Cut Back

July 9, 2010

One small note on the economic data. Consumer credit is shrinking at a fairly rapid rate. This is particularly true of credit card debt. The facts: Federal Reserve Board data for May shows total US consumer credit dropping $9.15 billion in May, down to a total outstanding debt of $2.42 trillion. That’s an annualized rate […]

Commentary, Economics / Paul Krugman, recession, recovery, stimulus /

Poor Old Krugman

July 9, 2010

He’s getting glummer by the minute. I can see why. All the evidence piling up suggests that the best part of this recovery is now over, and that we are now entering a long, hard, and risk filled period of poor economic gains. Not only this, but our policy options are in tatters. The sensible, […]

Economics / Alan Greenspan, bailouts, banking, home prices, inflation, interest rates, real estate /

The Rotten Thing About Real Estate

July 9, 2010

Once in a while I come across an article that hits a major problem head on. More often than not those articles are written by Martin Wolf of the Financial Times. Today he does it again with an analysis of housing. I would give you the link, but the article seems to have slipped from […]

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