The Radford Free Press – Page 412 – All life is problem solving.

Economics / California, deficits, Euro, fiscal policy, Florida, Greece, Ireland, monetary policy, Portugal, Spain /

Kick The Greeks Out?

February 15, 2010

A small majority of German voters apparently now want to kick the Greeks out of the Euro. That won’t happen, of course, due to the enormous consequences of exposing the Greek economy and its new non-Euro currency to the fury of the world markets. Going solo right now would be a one way ticket to […]

Economics / banking, deflation, jobs, Minsky, recovery, stimulus /

What Happens Next?

February 15, 2010

There is no news today, so the sluggish economy is matched by the sluggish flow of data. Things will perk up later in the week, but now seems like a good time to try to envisage what happens next. The economy has undoubtedly bounced up from the deep trough it hit last year. A whole […]

Economics / consumer confidence, consumption, recovery, retail sales /

A Patchy Week Ends … Patchily

February 12, 2010

Well we really do have a case of the winter blues. Two reports are worth talking about today: retail sales, which showed some growth; and consumer sentiment which faded away a little. The net effect? Smartly sideways. First retail sales. After December’s poor showing, we needed a little lift in January which is exactly what […]

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