The Radford Free Press – Page 503 – All life is problem solving.

Economics / B. of A., bailouts, banking, stress tests /

The New Reality

May 11, 2009

The conclusion of the banking stress tests continued to dominate the economic news through the weekend. For many casual observers it was a conclusion that could not come fast enough. For months we have been told that the banks need fixing; we have lavished vast sums of taxpayer money on them; we have suffered through […]

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 […]

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