The Radford Free Press – Page 492 – All life is problem solving.

Economics / business investment, consumption, GDP, government spending, inventories, residential investment, trade /

GDP Slide Continues

April 29, 2009

Surely no one was surprised by the release this morning of the first quarter GDP results. The sharp contraction that began lat the end of 2007 continued unabated with the economy shrinking at an annual rate of 6.1%. This was the first time in three decades that we have experienced back to back quarterly declines […]

Economics / banking, IMF, loan losses /

Sometimes the Truth Really Hurts

April 28, 2009

I have just managed to spend some time reading through the IMF’s recent Global Financial Stability Report. And yes it’s tedious at over 200 pages in length. Suffice to say that this is not the stuff young children should be allowed to read: the numbers are staggering. Martin Wolf at the Financial Times offers a […]

Economics / auto industry, Chrysler, creditors, GM /

Chrysler Settles … Sort Of

April 28, 2009

I reported last week that there was a fist fight going on between Chrysler’s bondholders and the government. Back then – doesn’t it seem ages ago? – the creditors were holding out for more than the paltry $1.1 billion that the government wanted to give them. This is a long way down from the $6.9 […]

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