The Radford Free Press – Page 481 – All life is problem solving.

Economics / California, recession, state budgets, stimulus /

The Hidden Problem: State Budget Collapse

July 7, 2009

The news that California has now run so low of cash that it is resorting to using IOU’s to pay its creditors should have made you sit up and take notice: for all the rumbling about the parlous condition of the federal treasury the states are relatively worse off. Should we care? Absolutely. First let […]

Economics / banking, commercial real estate, credit cards, Goldman Sachs, Morgan Stanley, regulation, stress tests, TARP /

Do Not Trust the Big Banks

July 7, 2009

Amid the clamor over health care and all those green shoots the fate of the big banks has faded from the public glare. This has led to a complacency in the analytical and media: the general feeling seems to be that the banking crisis has abated and that we can ‘check it off’ our list […]

Economics / stimulus, unemployment /

More Stimulus Nonsense

July 6, 2009

As an update to my last post on the stimulus: the drumbeat of criticism that the stimulus is not working is just annoying. Anyone who took the trouble to read the actual proposals back at the time the stimulus package was legislated into being would know that no one thought it would start to have […]

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