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

Economics / deflation, Federal Reserve Board, GDP, inflation, recession, recovery /

The Outlook: The Fed’s View

May 20, 2009

The release of the minutes from the Federal Reserve Board’s April meeting gives us an insight into what policy makers are thinking. The view is generally cautious, but sprinkled with possibilities that the end of the recession is in sight. For instance the Fed’s staff economists note that the pace of decline appears to be […]

Economics / California, deficits, recession /

Goodbye California?

May 20, 2009

One of the states most affected by the recession has been California. It provides a salutary lesson for all those who support voter activism and rigid constitutions. The state is effectively bankrupt, and just yesterday rejected, at the ballot box, several proposals that would have staved off disaster. Voters there apparently want the state to […]

Economics / construction, housing starts, real estate /

Housing Starts Plummet Further

May 19, 2009

Just when there were very slight rays of hope on the horizon about housing today’s announcement of new housing starts shows how much of a hill needs to be climbed before we are out of the hole we dug ourselves. Clearly housing remains a diabolical mess. The headlines show that starts fell 12.8% in April […]

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