The Radford Free Press – Page 457 – All life is problem solving.

Economics / consumer sentiment, consumption, personal incomes, recession, recovery, savings /

Weekend Round-Up: Consumers and Incomes

August 28, 2009

The financial press is, as usual, desperate for any news that justifies an optimistic headline. So you will be reading tomorrow about how consumer sentiment and incomes have made progress in the last couple of months. Be careful. Yes progress has been made. But we still have the training wheel firmly attached to this recovery. […]

Economics / banking, business investment, commercial real estate, consumption, GDP, home prices, inventories, jobs, recession, residential investment, stimulus, trade deficit, unemployment /

GDP and Unemployment

August 27, 2009

The release today of the revised second quarter GDP figures was a bit of a dud. Most of the other recent data has been suggesting we would see a slight revision upward of the preliminary figures. Instead there was no change: the economy shrank at an annual rate of 1.0% between March and June. That’s […]

Economics / bailouts, Bush, deficits, fiscal policy, interest rates, Reagan, taxes /

Deficits As Far As The Eye Can See

August 26, 2009

The sea of red ink is swelling at an awesome rate. One of the reasons that Obama pushed forward his announcement about Bernanke was to drive the various reports issued yesterday about the Federal Deficit off the front page. At least that’s my guess. If it was his plan he failed miserably: today’s Financial Times […]