The Radford Free Press – Page 459 – All life is problem solving.

Economics / ADP Employment Report, consumption, jobs, recession, recovery, unemployment /

Jobs: “Less Worse” Is Still in Force

September 2, 2009

Today’s news from ADP, the payroll company, that the private sector shed another 298,000 jobs last month is more of the same. We have heard this kind of news for several months now: things are getting worse less badly. That’s an improvement of sorts and unavoidable. But it is frustrating. The ADP numbers throughout the […]

Economics / consumption, inventories, ISM Business Conditions Index, jobs, recession, recovery, unemployment /

Recession’s End? Absolutely.

September 1, 2009

The Institute for Supply Management can hardly be described as a ‘happening’ or ‘fun’ crowd. The entire concept of supply chain management is enough to make most of us yawn with indifference. So it’s very hard to get a crowd wound up over the ISM Monthly Report on Business. But perhaps today is a little […]

Economics / Adam Smith, David Ricardo, gluts, Keynes /

Our Current ‘Glut’

August 31, 2009

While I am on the subject of Classical economics [see my post of the ‘Two Economies’], I think it’s useful to dredge up the way in which those folks would have looked at our current situation. Prior to modern economics there was no concept of a ‘recession’ and a ‘recovery’. Instead observers back in the […]

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