The Radford Free Press – Page 378 – All life is problem solving.

Economics / bailouts, Bush, china, consumption, deficits, exports, fiscal policy, GDP, Germany, imports, Obama, Reagan, recovery, Spain, stimulus /

What Went Wrong?

July 13, 2010

Much as I try it is becoming more difficult for me to avoid the thought that we are headed back into recession. Or at least into such low growth that it feels like a recession. If we get much above 1.5% GDP growth for the rest of the year I think we should congratulate ourselves. […]

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, […]

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