The Radford Free Press – Page 386 – All life is problem solving.

Economics / business investment, consumer confidence, consumption, exports, federal spending, GDP, imports, inventories, non-residential investment, recession, recovery, residential investment, state budgets, state spending, stimulus /

Real Growth, Good Growth

April 30, 2010

We have been waiting all week for the first quarter GDP numbers to be released, and the general expectation was that they would show growth of between 3.0% and 3.5% at annual rates. Well, the report cam in exactly as predicted: 3.2%. So the more important question is whether the growth is sustainable, or whether […]

Economics / GDP, jobs, recovery, unemployment /

Jobs: Inching In The Right Direction

April 29, 2010

And I mean ‘inching’. There is not too much to add to the headline of this morning’s report on first time claims for unemployment. Last week saw a very modest drop in such claims, by 11,000 to 448,000. Hurrah. Progress should never be sniffed at, but this is a crawl to the finishing line rather […]

Economics / bailouts, bank reform, banking, Goldman Sachs, regulation /

Goldman In Washington

April 28, 2010

Nothing else in the economy matters today, all eyes are firmly on the theatrics of the Senate hearings as Senator Levin’s committee grills various Goldman Sachs executives on the way in which that firm profited from the great crash that its own activities precipitated. Anyone interested in the safety and soundness of our economy should […]