The Radford Free Press – Page 432 – All life is problem solving.

Jobs Data: A Turn For The Worse?

December 10, 2009

Just as I caution not to take a single week or month’s data as a sign of a turn in a tide, I must remind myself not to get too worked up over today’s surprising uptick in first time claims for unemployment insurance. Last week’s level of 474,000 was up from the prior week’s 457,000 […]

Economics / banking, deficits, home prices, inflation, jobs, recession, recovery, stimulus /

Son of Stimulus? And Bonus Bonanza

December 9, 2009

Some of you will find it odd that I link bonuses for bankers and Obama’s latest attempt at getting a jobs program organized, but in my mind the two are inseparable. After all the distorted short term incentives awarded to the folks in our big banks were a primary cause of the crisis, one effect […]

Economics / banking, Bernanke, Federal Reserve Board, financial system reform, Geithner, health care, recession, recovery, regulation, stimulus, Summers, unemployment /

Obama: A Year End Economic Report Card

December 7, 2009

This has all the appearance of a slow news week coming up. At least for the economy. On Thursday and Friday we will hear a little more about unemployment, consumer sentiment, and retail sales, but before then we will have nothing to do but watch the slow moving lunacy that is the health care ‘debate’. […]