The Radford Free Press – Page 496 – All life is problem solving.

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, […]

Economics / bailouts, banking, FDIC, loan losses /

The Small Bank Crisis

May 28, 2009

Lost in all the hubbub about the losses and possible collapse of our largest banks – most of the fuss has been about only the 19 largest banks in the country – is the ongoing crisis that the small, local, banks are facing. So it is worth taking note of what’s going on at the […]

Economics / consumption, deficits, GDP, health care, interest rates, national debt, nationalization, taxes /

Health Care, Taxes, and Debt

May 28, 2009

As we move more into the legislative agenda of the Obama administration, rather than the triage period of economic recovery, several inter-related issues become very prominent. Obama wants to shift the emphasis of health care towards universal coverage, but has to accomplish this against a very strong headwind: the Reagan/Bush legacy of national debt. The […]