The Radford Free Press – Page 460 – All life is problem solving.

Economics / Adam Smith, David Ricardo, GDP, jobs, Karl Marx, recession, recovery /

The Two Economies Discussion

August 31, 2009

Reality has a very nasty way of intruding into the fancies of life. Economics is no exception. There is a growing realization amongst the ‘experts’ that the hoopla being accorded our imminent exit from recession is actually no big deal to a huge swathe of America. It won’t matter. As a result we are being […]

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 […]