The Radford Free Press – Page 510 – All life is problem solving.

Economics / Andrew Cuomo, B. of A., bailouts, Bank of America, Ken Lewis, Merrill Lynch, Paulsen, shareholders /

Ken Lewis Must Go!

April 23, 2009

Alright I admit that’s a bit harsh. But he’s done nothing but foul up lately. The Bank of America shareholders meeting next week, on the 29th of April, should be a fun one to sit in on. It appears that our indomitable Ken was coerced by Hank Paulsen, then Treasury Secretary, into going ahead with […]

Economics / accounting, Citibank, credit default swaps, first quarter earnings, Morgan Stanley /

Accounting For (Or By?) Idiots

April 23, 2009

Once in a while you just have to love those accountants. Their image of sober, almost stodgy, propriety and fiscal conservatism belies a wild and radical side most of us simply don’t appreciate. When I was a student at undergraduate school those of us who were not on the mainstream track towards post-graduate economics all […]

Economics / consumption, economic recovery, exports, GDP, Germany, Japan, savings /

Forget Exports as Our Next Big Thing

April 23, 2009

The recently published IMF report on the state of the world economy is a very sobering [and very long!] read. It predicts that, for the first time in decades, the world’s economy will shrink. Normally a recession in one area is offset by continuing growth elsewhere, so the global economy keeps on expanding as a […]

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