The Radford Free Press – Page 508 – All life is problem solving.

Commentary / B. of A., bailouts, banking, Citibank, creditors, stress tests, TCE, Tier 1 Capital /

Bank Stress Tests

May 1, 2009

The administration has announced that it will release the results of those infamous stress tests next Thursday. That’s a little later than originally planned. But the more interesting news is that they will now release more than summary findings. Instead we will be treated to a much more detailed set of results. That presents a […]

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economy and were bringing out our forecasts of and end to the recession by the end of the year, consumers seem to have withdrawn again.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 […]

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