The Radford Free Press – Page 501 – All life is problem solving.

Economics / banking, derivatives, FDIC, regulation /

Financial [Re]Regulation

May 18, 2009

It is a sad commentary on the state of the economy that I return after a few days of idle bliss only to discover that the main topic of discussion is precisely the same as it was last week. And the week before that. And … well the banks need fixing. Not a lot of […]

Uncategorized /

Failure of The Ideal

May 14, 2009

The past few weeks have been fraught on a number of fronts. Two of our most important industries: banking and auto making are decidedly sick. Unemployment is rising. Housing is still in the tank. Stores are having a hard time attracting customers. And the airwaves, news media, and blogosphere are all ablaze with experts, faux […]

Economics / consumption, deflation, GDP, imports, inventories, recession, retail sales, wages /

Green Shoots Update: Not Good

May 13, 2009

Well we didn’t have to wait too long before we were doused with some cold water: this morning’s release of April’s retail sales was a distinct downer. No only did sales fall by an unexpectedly large 0.4% in April, but March’s decline was widened to 1.3% form its original 1.2%. That April drop was about […]

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