The Radford Free Press – Page 380 – All life is problem solving.

Economics / bailouts, consumer confidence, consumption, deficits, interest rates, Ireland, Keynes, recovery /

Consumers Crash and Austerity Bites

June 29, 2010

These two topics are not directly related, but in the interests of brevity let me combine them into one comment. First consumer confidence: If you haven’t already seen today’s news, don’t look it’s awful. Consumer confidence, as measured by the Conference Board dropped sharply in June, all the way down to 52.9 from May’s revised […]

Economics / bailouts, bank reform, banking, bankruptcy, Citibank, consumption, deficits, Federal Reserve Board, fiscal policy, GDP, Geithner, imports, inventories, Keynes, Minsky, recession, recovery, regulation, stimulus, unemployment /

Meanness, Mediocrity, and Bank Reform

June 25, 2010

It takes a particularly virulent form of mean spiritedness for a nation to walk away from its most vulnerable citizens at a time of their greatest need. Yet that is what the US, and by implication you and I, has just done. The Senate was unable to muster enough votes to continue the extension of […]

Economics /

Home Sales Slump

June 23, 2010

A quiet week has been punctuated by a horrible report for sales of new homes. They slumped 33% in May to a record low annual rate of 300,000. That’s simply rotten. There is growing concern amongst policy makers that the recovery is weakening and may even be reversed. The odds of a double dip recession, […]