Business Cycle & Economics Blog of Caleb Lawrence
Every time I think this market is finally going to succumb to the fundamentals, it rises phoenix like from the ashes once again, Since Monday the Dow has gained about 300 points or 3% while the NASDAQ has added some 60 points or 3% as well. The October employment report came in slightly worse than [...]
Stocks jumped in early trade on what was heralded as good news, though the weekly unemployment report is really a meaningless statistical blip from a macro economic perspective. Productivity jumped 9.5% annualized in the 3rd quarter, the largest gain in 6-years. Unit labor costs fell 5.2% during the same period, hours worked also dropped dramatically. [...]
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.
