The Radford Free Press – Page 493 – All life is problem solving.

Economics / auto industry, banking, GDP, GM, health care, inflation, interest rates, recovery, unemployment /

Weekend Update: GM, Health Care and GDP

June 7, 2009

After all the chaos of the past few weeks, the ‘green shoots’, bankruptcies, inflation fears, and the onset of the health care reform campaign, this weekend seems rather quiet. That makes it a good time to recap some thoughts relating to the headline events. GM: GM’s bankruptcy is a watershed event for the US. Think […]

Economics / unemployment /

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 […]

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