The Radford Free Press – Page 445 – All life is problem solving.

Economics / B. of A., banking, Citibank, GDP, Goldman Sachs, JP Morgan Chase, Minsky, recession, recovery, regulation /

Two Americas

October 16, 2009

There are ominous signs emerging within our nascent recovery: one part of America is seemingly well on the way to a prosperous 2010, while the other remains stuck in a fear filled, jobless, and decidedly unprosperous mess. This week’s release of bank earnings highlights this divergence. “it is reckless and extraordinarily bad public policy to […]

Economics / commercial real estate, consumption, jobs, recession, recovery, retail sales, stimulus /

Retail Sales: Both Bad and Good?

October 14, 2009

Today’s retail sales report was greeted with a mixture of relief and optimism: most analysts had feared the worst. Instead sales dropped from August to September by only 1.5%. That a decline is treated as a good result goes to show just how fragile things remain. The source of all the pre-report angst was the […]

Economics / health care, health care costs, health care reform /

Health Care Debate

October 13, 2009

Just a very quick note: today is a watershed for reform of the American health care system. The final committee deliberating on the subject has voted, 14 to 9, to send it’s bill to the floor for a full vote. That means that all five – yes five – such committees have produced a pro-reform […]