The Radford Free Press – Page 384 – All life is problem solving.

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 […]

Economics / Consumer Price Index, deficits, deflation, inflation, monetary policy, recovery, stimulus /

Deflation Risk?

May 19, 2010

Let’s not get too carried away with today’s consumer price report – the CPI fell 0.1% in April – but perhaps we should be more alert. Clearly the US economy is undergoing massive “disinflation”. The annual rate of inflation for the past twelve months was just 0.9%, the lowest since 1966. Prices fell across the […]

Economics / construction, housing pemits, housing starts, real estate, recovery /

Odd Housing Report

May 18, 2010

If you simply read the headlines you would come away with a distorted view of today’s housing reports from the government. The Financial Times typifies the way in which the good news gets plastered all over the place, and the bad/worse news is buried for only the diligent to locate. The headline reads: “US homebuilding […]

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