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

Economics / consumption, personal incomes, stimulus, stock market, taxes /

Stock Market Illiteracy

June 1, 2009

Sometimes my total disrespect for the stock market leaps to the fore. It is an extraordinarily skittish place and seems to be full of the most short sighted and most easily swayed folks on earth. Analytically? Don’t even go there. Let’s just say that dunderhead isn’t close to the mark. They can’t read too well […]

Economics / auto industry, bankruptcy, credit default swaps, creditors, Fiat, GM /

GM: Done For

May 31, 2009

Saturday night’s agreement between a significant group of GM’s creditors, the company, and the US government has sealed the deal: GM will file for bankruptcy, most likely Monday. Thus ends an iconic chapter in American history. GM once was emblematic of American manufacturing prowess. It generated a full 3% of the country’s GDP back in […]

Economics / banking, commercial real estate, consumption, first quarter earnings, GDP, profits, recovery /

The Economy and Profits

May 29, 2009

The plummet is now more of a sharp fall. That’s the best way to describe the way the economy is now behaving. This morning’s release of the revised first quarter 2009 GDP data has it declining at ‘only’ an annual rate of 5.7%. The original estimate, made last month without some of the final data, […]

«< 490 491 492 493 494 >»