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

Economics / Fed, Fed Funds rate, inflation, interest rates, monetary policy, stimulus /

Fed Funds Rate: Minus 5%?

April 27, 2009

Buried in this weekend’s news was a report on the internal analysis being undertaken by the Federal Reserve Board with respect to its ongoing efforts to stimulate the economy. One of the more interesting nuggets is the calculation that, given the state of the economy right now, especially the balance between inflation and unemployment, the […]

Economics / bankruptcy, Cadillac, Chevrolet, Chrysler, creditors, Fiat, GM, Hummer, Saab, UAW /

The GM Story Continues

April 27, 2009

We appear to be reaching the end of the GM saga. The end that is of this interminable run up towards the company’s reorganization. This morning’s announcement by GM’s management contained some fairly aggressive measures. It also signaled that the company had finally heard the administration’s message about both urgency and extent with respect to […]

Economics / California, durable goods, GDP, home equity, inventories, manufacturing, new home sales, output, production, real estate, recession, recovery /

Gloomy Data: Whither Those Green Shoots?

April 24, 2009

The accumulated data releases over the past few days indicate that the economy remains deeply mired in recession. For every one of Bernanke’s ‘green’ shoots there seems to be a counterfactual. Today we hear that durable goods orders sank dramatically during the first quarter. The drop in March was 0.8%, which caps off a fall […]