The Radford Free Press – Page 470 – All life is problem solving.

Economics / Bernanke, Federal Reserve Board, Goldman Sachs, Janet Yellen, regulation /

Bernanke Watch?

August 4, 2009

There seems to be quite a cloud of dust being kicked up over a number of concurrent and intertwined themes concerning the Federal Reserve Board: there are matters of its secrecy, its competence, its role in the future of bank regulation and now also its management. Simultaneously as we head into Fall we will be […]

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 […]

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