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

Economics / bailouts, bank reform, banking, consumption, deficits, Federal Reserve Board, fiscal policy, GDP, health care, monetary policy, Reagan, regulation, stimulus, TARP, unemployment /

The Story So Far

May 24, 2010

I will be going away for the summer at the end of this week which leaves little time for further commentary until later this year. So I want to give my view of where we are in this recovery, and what I think are the remaining issues to be faced. First, let’s all recall that […]

Economics / existing home sales, home prices, wages /

Home Sales and The Stimulus

May 24, 2010

Today’s news that sales of existing homes rose 7.6% in April is deceiving. There seems to have been a late surge in sales because the tax credit which was part of the stimulus was finally being eliminated. The prospect of the credit going away brought a burst of activity out of proportion with the underlying […]

Economics / Federal Reserve Board, GDP, jobs, recession, recovery, unemployment /

Ouch! Rotten Jobs Report.

May 20, 2010

That will teach us. Never get too carried away with optimism. The economy is still struggling mightily. This morning’s report on new claims for unemployment assistance was awful. There is no way around the bad news. Claims jumped up 21,000 to 471,000 last week, ending a short string of weeks where things had been moving […]