The Radford Free Press – Page 403 – All life is problem solving.

Economics / Federal Reserve Board, Janet Yellen /

Yellen To Washington

March 12, 2010

Just a very brief comment: I like the appointment of Janet Yellen to replace the retiring Don Kohn as Vice Chairman of the Fed. She is a well respected economist, a veteran of Washington, she has managed the San Fransisco fed to a position of policy and analytical prominence, and she is a voice of […]

Economics / banking, FAS 140, FASB, Goldman Sachs, JP Morgan Chase, Lehman, repos /

Lehman’s Funny Accounting: Who Knew?

March 12, 2010

It looks very much as if the report issued today by the investigators examining Lehman’s last days will roil the waters somewhat. There seems to have been some funny accounting going on in a deliberate attempt to mislead investors and counter-parties. Who knew? The accounting in question relates to the way on which repurchase agreements […]

Economics / consumption, creditors, deficits, exports, fiscal policy, GDP, imports, jobs, recovery, stimulus, unemployment /

Jobs, Trade, and Debt: What’s New?

March 11, 2010

There was a modest flurry of reporting this morning that enables us to take the temperature of the economy. Unfortunately, once again, we are left with a ho-hum feel. This really is a long slow slog. Jobs: The weekly release of new claims for unemployment assistance showed a very modest – 6,000 – improvement and […]