The Radford Free Press – Page 511 – All life is problem solving.

Economics / B. of A., bailouts, banking, Citibank, deficits, GDP, nationalization, Obama, stimulus, TARP /

Is the Administration Doing Enough?

April 27, 2009

Having been bashed, offline, thoroughly over the weekend I feel I need to explain my apparent antagonism towards the administration’s approach to solving the economic crisis. So here goes: I see the solution to our economic crisis breaking into two elements: fiscal expansion [a.k.a. stimulus or deficit spending]; and financial industry bail-out and reform. So […]

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 […]