The Radford Free Press – Page 422 – All life is problem solving.

Economics / interest rates, jobs, recovery, stimulus, unemployment /

Poor Jobs Data

January 8, 2010

Oh well. For most of the last couple of weeks the financial media and various Wall Street economists have been plying us all with optimistic forecasts for unemployment. This week, the argument went, would bring the first increase in payrolls for a very long time, and that would portend a very happy 2010. Even if […]

Economics / bailouts, banking, Federal Reserve Board, Hoenig, Keynes, Minsky /

Man Lands on Mars: TBTF Again

January 7, 2010

Well not exactly. But close. The feeling of exhilaration and adventure that surely would accompany such an event is exactly the feeling I experienced when I read that a session at this year’s annual American Economics Association actually discussed something relevant to the economy. Wow. That’s big. The discussion in question was one concerning the […]

Economics / banking, deflation, Federal Reserve Board, inflation, interest rates, inventories, Keynes, Minsky, monetary policy, recovery, stimulus /

The Fed Stands Pat

January 6, 2010

There is an unusual conformity about most of the commentary surrounding the immediate economic outlook: we are in for a slow and possibly long slog out of the hole we dug for ourselves. Today’s release of the Federal Reserve’s Open Market Committee meeting minutes confirms that their view sits plumb in the middle of the […]