The Radford Free Press – Page 475 – All life is problem solving.

Economics / banking, Bernanke, consumer confidence, health care, Keynesian economics, real estate, stimulus, unemployment /

Weekend Round-Up

July 24, 2009

What did we learn this week? That unemployment is going to be an intractable and long term problem. The free-fall phase of job losses seems to be ending, but the outlook for re-creating the lost jobs is very bleak. Frankly the sources of new jobs are still shrouded in mystery: the two strongest employers of […]

Economics / jobs, real estate, recession, recovery, unemployment /

Unemployment and Housing

July 23, 2009

Today’s news is generally slightly better. Not good. Very slightly better. Let’s take a look: The weekly release of initial claims for unemployment showed a jump back up by 30,000 last week to 554,000. On the surface that’s obviously a move in the wrong direction. But, as I have cautioned before, one week is not […]

Economics / banking, commercial real estate, loan losses, Morgan Stanley, Wells Fargo /

Bank Profits

July 22, 2009

Just a very quick note to draw your attention to the profits being announced this week by many of the big banks: while they appear to be pretty good there are some ugly spots. Morgan Stanley reported its third straight quarterly loss, and even though its profits rose substantially, Wells Fargo had to raise its […]

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