The Radford Free Press – Page 429 – All life is problem solving.

Economics / Citibank, credit default swaps, Goldman Sachs, Keynes /

Credit Default Swaps

December 17, 2009

Ugh. In today’s Financial Times Gillian Tett, whose writing I otherwise admire, has an article in which she concludes that sovereign credit default swaps have a useful role to play in international finance. She’s been hanging around with her Wall Street buddies too much. Before your eyes glaze over – alright I admit that’s too […]

Economics, Politics / health care, Howard Dean, Paul Krugman /

Howard Dean and Health Care Reform

December 17, 2009

I don’t want to delve too far into health care reform at the moment. Frankly nothing is more distasteful to me than the current tangled and smoke filled room mess in the Senate. Apparently any single senator can derail anything, which merely highlights how undemocratic American politics can be at times. The Senate is an […]

Economics / deficits, Federal Reserve Board, fiscal policy, inflation, interest rates, jobs, stimulus, unemployment, wages /

Jobs, Inflation, and Bonds. Mixed News.

December 17, 2009

The various reports published this week paint a decidedly mixed picture. I haven’t talked about them because individually they are fairly self explanatory, but together they are beginning to make some sense in a different way. Take today’s unemployment insurance weekly claims report. This is the second week in a row that claims have risen, […]