The Radford Free Press – Page 499 – All life is problem solving.

Economics / deficits, exports, GDP, Geithner, interest rates, Japan, recovery, stimulus /

The Outlook: Part 2

May 21, 2009

Following up on my short post yesterday about the Federal Reserve Board’s outlook for the economy, today I received the Congressional Budget Office [‘CBO’] forecast which takes the form of a briefing to Congress. The story is pretty much the same. But there are small differences we ought to be aware of. The CBO takes […]

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 […]

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