The Radford Free Press – Page 500 – All life is problem solving.

Commentary / consumption, deflation, GDP, inflation, jobs, recovery, trade, unemployment, wages /

Unemployment: The End in Sight?

May 8, 2009

This morning’s unemployment released from the Bureau of Labor Statistics makes for grim reading: businesses shed another 563,000 jobs bringing the total of people out of work to 13.7 million, and pushing the unemployment rate up to 8.9%, its highest in about 26 years. Overall in the past twelve months the unemployment rate has risen […]

Economics / B. of A., Citibank, Geithner, Goldman Sachs, JP Morgan Chase, loan losses, TCE, Tier 1 Capital, Wells Fargo /

The Results Are In!

May 7, 2009

And the winner is? Well that depends on your point of view. The early winners seem to be Goldman Sachs and JP Morgan Chase who flew through the tests with flying colors. The losers include Bank of America and Wells Fargo, the latter of whom must be particularly peeved having been lauded by no less […]

Economics / bankruptcy, Chrysler, creditors /

The Creditor’s Story: Just What is ‘Fair’?

May 7, 2009

There is a sub-text in the current storm of bankruptcy activity. In the interests of fair play I should bring it to your attention. It is the fate of creditors. These are the people who go on search of less risky investments and so lend to companies in the form of bonds or other debt, […]

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