The Radford Free Press – Page 402 – All life is problem solving.

Economics / bailouts, bank reform, banking, deficits, Senator Dodd /

Bank Reform: Contingency Planning

March 18, 2010

A couple of days ago I gave the thumbs down to the Dodd bank reform proposal, but in the past couple of days it has become clear I wasn’t sufficiently open about why. One reason: bank behavior is not our only problem. Bank size is too. Maybe one way to get at why this is […]

Economics / consumer confidence, consumption, corporate profits, Federal Reserve Board, GDI, GDP, jobs, recovery, wages /

Worse Than It Looks? GDP Versus GDI

March 17, 2010

With the health care vote pending and dominating the discussion I thought I would spend a little time examining why the economy feels a lot worse than the GDP numbers indicate. Anecdotal evidence and the official statistics seem to be at odds. Then there’s the small matter of an unemployment level apparently immoveable by growth. […]

Economics / bailouts, bank reform, bank regulation, banking, bankruptcy, Citibank, Federal Reserve Board, Goldman Sachs, Senator Dodd /

Bank Reform

March 16, 2010

Well here we go. Lest you have forgotten, we had a bank crisis a while back and such was its ferocity that the economy stalled and approximately 8.5 million of our fellow citizens lost their jobs, while millions of others lost homes. So much for the little details. Now let’s get on with the grown […]