The Radford Free Press – Page 490 – All life is problem solving.

What Jobs? Part 2

June 5, 2009

Well that does it. As of last night [Thursday] I was bemoaning the imminent announcement of another half million jobs. But this morning’s news release is much better than expected – ‘only’ 345,000 jobs were lost in May. That’s about half the monthly rate of the previous six months. Inevitably this apparent improvement will fuel […]

Economics / Bush, jobs, personal incomes, Reagan, unemployment /

What Jobs?

June 4, 2009

Hidden in all the fuss about the short term employment data, and that fuss is completely justified, are some really worrisome longer term issues. Let’s set the stage for Friday’s unemployment report, which we expect to be bad, but not as bad as last month – say another 550,000 jobs lost and the unemployment rate […]

Economics / deficits, deflation, fiscal policy, inflation, interest rates, monetary policy, stimulus /

High National Debt and Potential Inflation

June 3, 2009

There is a lot of nonsense being spoken, by people who should know better, about the level of Federal Debt and its impact on both inflation and interest rates. These people point to the recent run up in US Treasury bond yields as the market issuing a stern warning that we have reached a maximum […]

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