The Radford Free Press – Page 404 – All life is problem solving.

Economics / consumer confidence, consumption, existing home sales, GDP, health care, heath care reform, stimulus /

Health Care Summit and Housing: Blather and Gloom

February 26, 2010

Not just a big snow storm provided gloom at the end of the week. The report on existing home sales was miserable, and even the revision upward to fourth quarter GDP failed to lift the mood; it simply confirmed that growth still depends on one time efforts and is not yet strongly sustainable. The National […]

Economics / durable goods orders, GDP, jobs, unemployment /

Orders and Jobs: Have We Hit A Wall?

February 25, 2010

Durable Goods Orders: On the surface this morning’s durable goods orders report is a good one: they rose 3.0% in January, which is a much better performance than most folks had expected. However, when we dig beneath the surface the story is reversed quite dramatically. If we exclude aircraft orders, which shot up over 15%, […]

Economics / Bernanke, consumer confidence, consumption, home prices, interest rates, Keynes, new home sales, Paul Krugman, stimulus /

Housing and Bernanke: Bleak House?

February 24, 2010

Hot after yesterday’s report on the ongoing weakness in home prices comes today’s shocking report on the sales of new homes. Just as was the case with the price data there is no way we can put a pleasant gloss on the sales news. It stinks. Sales of new homes actually dropped in January to […]

«< 402 403 404 405 406 >»