The Radford Free Press – Page 394 – All life is problem solving.

Economics / banking, fraud, Goldman Sachs, mortgage backed securities, SEC /

Goldman Under Scrutiny For Fraud

April 16, 2010

As you no doubt now know Goldman Sachs is being accused of trickery in its marketing of a certain securitized deal. The SEC is attacking an aspect of the Goldman business model that many of us find repugnant. Whether Goldman broke the law will be difficult to prove. That it was reckless and unethical is […]

Economics / housing starts, jobs, real estate, recession, recovery /

Housing Picks Up

April 16, 2010

Before we all declare the war over allow me to remind you about the volatility of the housing starts data: the March report has an enormous statistical error range of +/- 15.2%. That is sufficient to eliminate and reverse any gains in the news. Having said that the report was a decent one: March starts […]

Economics / Bernanke, consumption, deficits, Federal Reserve Board, fiscal policy, industrial production, jobs, unemployment /

Jobs and Production: Where’s The Improvement?

April 15, 2010

Yesterday we read that Bernanke gave a fairly upbeat assessment of the economy in his regular briefing of Congress. We also read that his information was derived, in part, from the local Federal Reserve banks, all but one of which – the laggard being St. Louis – reported improvement in activity and jobs within their […]