Business Cycle & Economics Blog of Caleb Lawrence
The Good News The summers economic and market reversals have been quite dramatic, resulting in both being literally pulled back from the brink. For stocks this brought the YTD gain on the S&P 500 to a very respectable 17% or 154 points, data compliments of yahoo.com. The economy has staged a similar reversal with many [...]
Stocks opened higher on positive news but fell late and enter the final hour mixed. Construction spending increased .8% in September, soundly beating expectations. About 60% of the gain came from government construction and the rest from residential. The ISM Manufacturing Index increased to 55.7 in October, also well above expectations, of the subcomponents, employment [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
