The Radford Free Press – Page 482 – All life is problem solving.

Economics / durable goods orders, new home sales, recession, recovery /

Green Shoots Watch: All Orange!

June 24, 2009

Our mid week green shoots watch produces two contradictory data points: Durable goods orders rose 1.8% in May, that’s better than expected, there have been gains in three of the past four months, and this is an excellent leading indicator of manufacturing. Great. Ring the bells. Blue skies ahead. Not so fast. Sales of new […]

Economics / health care, Obama /

Obama’s Health Care Trap

June 24, 2009

Politics is not chess, so there is no true ‘check mate’ moment: your opponent can always wriggle free by bending the rules or being plainly silly. Nonetheless yesterday Obama set a trap worthy of a chess master. During his sometimes testy discussion of health care he wondered out loud about the logic of those who […]

Economics / B. of A., banking, Citibank, Goldman Sachs, Hyman Minsky, regulation /

Unstable Banking

June 24, 2009

What to do about the banks? Those of you who have read my comments on health care know that I believe any proper regulation of a system -heath care or banking – requires a set of incentives designed to induce the desired behavior. This is the way in which we can align behavior with socially […]

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