The Radford Free Press – Page 506 – All life is problem solving.

Economics / B. of A., bailouts, banking, Citibank, Goldman Sachs, IMF, JP Morgan Chase /

Buddy Can You Spare … $6,000?

April 29, 2009

Wow. The IMF really knows how to annoy me. I know they’re well meaning, by and large, and are trying to provide super analysis of our current crisis so that politicians everywhere have ample background against which to develop their plans. But. Do they have to let me know just how much this will all […]

Economics / business investment, consumption, GDP, government spending, inventories, residential investment, trade /

GDP Slide Continues

April 29, 2009

Surely no one was surprised by the release this morning of the first quarter GDP results. The sharp contraction that began lat the end of 2007 continued unabated with the economy shrinking at an annual rate of 6.1%. This was the first time in three decades that we have experienced back to back quarterly declines […]

Economics / banking, IMF, loan losses /

Sometimes the Truth Really Hurts

April 28, 2009

I have just managed to spend some time reading through the IMF’s recent Global Financial Stability Report. And yes it’s tedious at over 200 pages in length. Suffice to say that this is not the stuff young children should be allowed to read: the numbers are staggering. Martin Wolf at the Financial Times offers a […]

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