Category Archives: Economy

Eliminating Government Duplication of and Competition with Private Enterprise … on Both Sides of the Potomac

57 years ago – January 15, 1955 – President Dwight Eisenhower promulgated a federal policy that is a relevant today as it was the day it was issued, if not more so. Bureau of the Budget Bulletin 55-4 stated, “The … Continue reading

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Region's Economy Could Take Off in a Couple Years

During the last couple of months, several non-economists have mentioned to me that they have this feeling that the Richmond region’s economy is getting ready to take off. I typically tell them that the numbers simply don’t support that sentiment. … Continue reading

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Richmond Office Vacancy Rates Reflect Slow Economic Growth

(This article first ran in the Richmond Times Dispatch) Commercial office space is the other shoe that many investors thought would fall and disrupt the banking system in a manner similar to housing foreclosures.  Despite the large employment losses, that … Continue reading

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Is “Sluggish Economy” the New Normal?

By Dr. Christine Chmura, PhD Some analysts have started talking about the sluggish U.S. economic growth as the “new normal.” I have a hard time with that term. For one thing, “normal” is a relative term. What is normal in … Continue reading

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Virginia Still Feeling the Effects of Housing Crisis

Though doing better than the national average, Virginia has not escaped the foreclosure crisis unscathed. Regions where homes are least affordable are experiencing heightened foreclosure activity. Continue reading

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