The Radford Free Press – Page 505 – All life is problem solving.

Economics / consumption, GDP, inventories, personal incomes, recession, recovery /

Consumer Spending Dips

April 30, 2009

Just when we were starting to feel better about the economy and were bringing out our forecasts of and end to the recession by the end of the year, consumers seem to have withdrawn again. That’s bad news, and if the March data is a sign of things to come our slump may last longer […]

Economics / auto industry, Chrysler, creditors, GM, TARP /

Chrysler Folds

April 30, 2009

It’s early in the day, so there is plenty of time for the usual brinkmanship to play out, but the rejection of the latest government offer to the company’s creditors increases the odds that Chrysler will enter bankruptcy quickly. Possibly as soon as later today or tomorrow. The creditors group consists of two sub-groups. One […]

Economics / AIG, Banco Santander, banking, Citibank, commodities trading, Phibro, RBS, Societe Generale /

Bonus War Round-Up

April 29, 2009

While I am riled up about bankers: I came across a couple of stories to pass on to you that illustrate just how far we have to go before we can declare ourselves back in control of our banking system. Right now the inmates are very definitely running the asylum. Here’s a fun little story […]

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