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

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

Bank Capital Inanity

May 5, 2009

There are times when I just feel like screaming. Reading the Financial Times today was one of those moments. On the front page of the Companies and Markets section was an article commenting on the surge in stock prices of major America banks. This surge was attributed to the relief spreading around Wall Street that […]

Economics / auto industry, Bernanke, consumption, GDP, real estate, recession /

Understanding Bernanke

May 5, 2009

Every time I hear that Bernanke has offered up some hope of impending recovery I feel the need to scour through the data to find support for his statements. There is, after all, the idea that he sees something that the rest of us don’t. So his testimony today sent me back to the books. […]

Economics / deflation, inflation, Japan, recession, stimulus /

Deflation and Wages

May 4, 2009

It’s a rare moment when Paul Krugman agrees with someone like Martin Feldstein, they represent very different parts of the political and economic spectrum. But agree they do. What is the miracle factor that binds them? Their fear of deflation. Nothing is as threatening to the way in which we all conduct business in the […]

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