The Radford Free Press – Page 418 – All life is problem solving.

Economics / consumption, federal spending, GDP, inventories, Investment, jobs, state spending, stimulus /

GDP Growth Surges … Or Does It?

January 29, 2010

Calm down everyone. Today’s report that GDP grew at an annual rate of 5.7% in the last quarter of 2009 is a very misleading statistic. Yes, the economy grew, and, yes, growth was a little higher than in the third quarter, but the growth trajectory is a lot lower than that 5.7% suggests. Here’s why: […]

Economics / deficits, federal deficits, fiscal policy, jobs, Obama, unemployment /

Jobs? and Obama’s Speech

January 28, 2010

Well if we needed confirmation that Obama’s sudden firm focus on jobs is justified, today’s report of claims for unemployment insurance provides all we need. Claims dropped 8,000 to 470,000. The problem with this is that last week we saw a sudden uptick of 34,000, and most of the ‘experts’ thought that this week’s number […]

Economics / home prices, real estate /

Housing Still Soft

January 27, 2010

The news keeps trickling out. This week is very busy from a reporting standpoint with today’s focus on sales of new homes. The results are not that good and suggest the real estate market is still weak. This, of course, is no surprise – except to the perennial optimists ate the National Association of Realtors. […]

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