The Radford Free Press – Page 467 – All life is problem solving.

Economics / consumption, personal incomes, recession, recovery, savings, stimulus, unemployment /

Weak Income Numbers

August 4, 2009

Today’s release of the personal income data for June confirmed a couple of things: that a stimulus should not be in the form of cash or tax refunds, and that consumers face a long hard road in this recession. First the numbers: both personal and disposable income fell by 1.3% in June. This compares with […]

Economics / banking, Galbraith, Keynes, Minsky, neo-classical economics, Pessoa /

Having Fun with Lunatic Bankers –

August 3, 2009

For someone who spent a fair amount of time working in banking I must admit I find bankers a foreign lot nowadays. They are lunatics. And they are seriously anti-social. Well I exaggerate only a little. Combine them with neo-classical economists and the mix is combustible. In fact it is enough to cost the world […]

Economics / GDP, jobs, manufacturing /

Manufacturing Shows Life

August 3, 2009

At last. The monthly ISM index which is released by the Institute of Supply Management measures the level of business activity as reported by the managers who are responsible for fulfilling orders. In normal times if the level of the index is above 50% then the manufacturing sector is growing – more than half the […]

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