The Radford Free Press – Page 421 – All life is problem solving.

Housing Woes Return?

January 25, 2010

Let’s not all get into a tizzy over today’s report that sales of existing homes plunged 16.7% in December: to an annual rate of 5.45 million from November’s 6.54 million. We are going to see quite a few quirky and volatile reports over the next week or so, and this is the first. The reason […]

Economics / banking, Bernanke, commercial real estate, Federal Reserve Board, Geithner, Goldman Sachs, Paul Volcker, Volcker Rule /

Obama and The Banks: Part 2

January 22, 2010

Well Obama came out swinging. Not quite hard enough for my taste – I remain a hard liner when it comes to the banks – but at least there was a hint of anger and a suggestion of a willingness to fight. That is a pleasant change from the insipid and muddled approach we had […]

Economics / jobs, unemployment /

Jobs: A Turn For The Worse?

January 21, 2010

Last week I tried to make sure we stayed calm in the face of a unemployment claims report that was worse than expected. I repeated my mantra: watch the trend not the weekly data. Whoops. This week’s report adds to the bad news. Apparently new claims jumped last week by 36,000 to 482,000. Wall Street […]

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