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

Economics / auto industry, bailout, bankruptcy, Chrysler, Citibank, creditors, Fiat, Goldman Sachs, jobs /

Oh What A Tangled Web

April 21, 2009

Call it annoying. Call it frustrating. Just call it a mess. The current negotiations, if that’s not too dignified a term, over the future of Chrysler is an apt example of just how tangled all the various threads of our economy-in-crisis are. Chrysler, as you know, is on its last legs. It will assuredly not […]

Economics / IMF, nationalization, TCE, Tier 1 Capital /

The IMF Weighs In

April 21, 2009

The IMF has just published its research on the current financial crisis. They estimate that losses so far on ‘US originated assets’ have now surpassed a whopping $2 trillion worldwide, and a headed for an almost numbing total of $4 trillion before the crisis abates. Besides being extraordinarily sobering, that’s an eye-popping amount of carnage […]

Economics / Bernanke, deficits, deflation, fiscal policy, inflation, interest rates, monetary policy, Spain /

Europe, Deflation Fears, and Us

April 21, 2009

This morning’s New York Times carries a very disturbing report on the Spanish economy. In particular it highlights what appears to be the onset of a bout of deflation. Apparently retailers throughout the country are now having to cut prices in order to encourage any kind of spending, and the rate in the reduction in […]

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