The Radford Free Press – Page 449 – All life is problem solving.

Economics / consumption, fiscal policy, jobs, Keynes, recession, recovery, stimulus, unemployment /

Ugly Unemployment Numbers

October 2, 2009

Put this into the category of bad news. Since everyone, well nearly everyone, was predicting a drop, the news that unemployment rose last month is a shocker. August’s payroll loss was revised down to 201,000, and September’s came in at 263,000. The consensus had been that we would see something in the order of 165,000. […]

Commentary /

Personal Note …

October 2, 2009

Just a quick personal note: my daughter, Kim, gave birth to a healthy, and large, baby boy yesterday. So the family has another generation and I am now a grandfather. I don’t quite know what to make of my new status. Hopefully it will help restore some of that lost acuity the years seem to […]

Economics / business investment, exports, GDP, inventories, recovery, stimulus, unemployment /

Good GDP Data

September 30, 2009

This morning’s news about the second quarter GDP decline was actually good: the drop from the first to second quarters has been revised to only 0.7%, which compares with the original estimate of 1.0%. So the second quarter contraction in the economy was less than originally thought, and less than most forecasters dared hope. Clearly […]

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