Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled in early trade on disappointing news. The October CPI advanced .3% but remains .2% lower than a year ago. Higher energy prices were a big factor along with vehicle prices, one of the side effects of the cash for clunkers program. The MBA weekly index fell 2.5% to 611.7 as both refis, down [...]
Volatile trade leaves the major averages about even with an hour to go. The September TIC showed foreigners remain willing to finance our deficits and invest in America as Treasury and equity buying both registered strong gains for the month. In fact the September net capital flows exceeded the trade deficit by 4.2 billion in [...]
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.
