The Radford Free Press – Page 377 – All life is problem solving.

Economics / deflation, stimulus, wages /

Wages: Deflation Early Warning?

July 20, 2010

Just a quick note. I received the Bureau of Labor Statistics press release on wages this morning and one thing jumped out at me: during the second quarter average [median] wages rose to $740 a week. That’s up 0.8% on last year. But inflation rose 1.8% over the same time. This means that real wages […]

Economics / home prices, interest rates, real estate, recovery, stimulus, wages /

Real Estate Drifts Lower … Again

July 20, 2010

There is, of course, nom news in the headline that the housing sector is still sliding rather than recovering. The only reason that the decline appeared to have been arrested as the enormous effect of the government stimulus. That poured enough cash – in the form of tax credits – into the industry to limit […]

Economics / consumer confidence, consumption, deficits, GDP, Reagan, recession, recovery, stimulus, unemployment /

Running For The Hills?

July 19, 2010

This was entirely predictable. Or at least for those of us who are not in the thrall of Wall Street optimism peddlers. US consumers are in an ugly mood. Duh. Anyone who expresses surprise at the sharp drop in consumer confidence should henceforth quit the analyst business. This one has been building for some time. […]

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