The Radford Free Press – Page 514 – All life is problem solving.

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 […]

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 […]

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