The Radford Free Press – Page 473 – All life is problem solving.

Economics / durable goods orders, GDP, recession, recovery /

Durable Goods Orders Fade

July 29, 2009

For those of you looking for green shoots this is not good news. After two months of improvement new orders for durable goods slid back by 2.5% in June to a total of $158.6 billion. The slippage returns durable goods orders to a year long downward trend: they are off 26.7% year-on-year. Shipments of durable […]

Economics / consumer confidence, consumption, home prices, real estate /

Today’s News: Home Prices and [Lack of] Confidence

July 28, 2009

Two pieces of news were released today: the Case Schiller Index of home prices, and the Conference Board’s consumer confidence survey. The message: very mixed. The good news is that for the first time since 2006 there was a slight increase in home prices across the country. Prices in the twenty city index rose 0.5% […]

Economics / Bernanke, derivatives, Federal Reserve Board, Goldman Sachs, monetary policy, regulation /

Whither the Fed?

July 28, 2009

There has been quite a bit of discussion recently about the future both of the Federal Reserve Board with respect o its role as a regulator, and the future of Ben Bernanke its current chairman who term comes up for renewal in the not too distant future. Let me wade into the discussion. “It is […]

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