The Radford Free Press – Page 417 – All life is problem solving.

Economics / banking, consumption, deficits, GDP, inventories, jobs, recession, recovery, stimulus, unemployment /

Yet More Mixed News

February 1, 2010

The recent pattern of mixed news about the economy continues this morning with the latest data on consumer spending, construction spending, and manufacturing all being released at once. Together these reports simply add to the overall difficulty we have in identifying a clear or firm trend. Let’s take them one a t a time: Starting […]

Economics / consumption, deficits, fiscal policy, GDP, interest rates, jobs, monetary policy, Reagan, tax cuts /

Long Term Outlook: A National Strategy

January 29, 2010

With Obama’s conversion to fiscal conservatism now official I think we all need to take stock of the mountain he intends to climb. The problems are daunting, and any reasonable attack on them will encompass years – probably his entire term in office, even if he is re-elected. Why is this? The latest Congressional Budget […]

Economics / Bernanke, Federal Reserve Board, monetary policy /

Bernanke Confirmation

January 29, 2010

I have left Bernanke’s confirmation for a second term at the Fed uncommented upon for the simple reason that I have little to add. But for the record: on balance I opposed his re-appointment. On the negative side: He has shown little indication that he intends to adjust the Fed’s activities in light of the […]