The Radford Free Press – Page 474 – All life is problem solving.

Economics / consumption, leading indicators, recovery, wages /

Looking Ahead: Leading Indicators Give Us Hope

July 20, 2009

This week promises little by the way of new data on the economy, instead most eyes will be on Ben Bernanke as he gives his regular testimony before Congress. The key issue we will all be focusing on in his comments is his strategy for unwinding the extraordinary monetary policy of the past few months […]

Economics / B. of A., bailouts, banking, Bernanke, Citibank, GDP, Goldman Sachs, JP Morgan Chase, monetary policy, nationalization, recession, unemployment /

End of the Week: Banks; Health Care; the Fed; and California

July 17, 2009

It seems that the entire week has drifted sideways: nothing of note occurred to suggest that the economy’s trajectory has changed. We are still declining, albeit at a slower rate. The problems remain the same: unemployment, high debt, and a very weak banking system. The next few weeks are crucial. If the recovery is to […]

Economics / bailouts, banking, bankruptcy, CIT, GE Capital, GMAC /

RIP CIT?

July 16, 2009

Now that the government has refused to offer any form of bail out it looks as if CIT the medium sized small business lender will have to file for bankruptcy. This is a newsworthy event for a couple of reasons: “Poor old CIT was just ‘too-small-to-save’.” It gives us all an indication of where the […]