Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled from the open on a lack of real news. The latest estimates on residential real estate foreclosure activity from the MBA or Mortgage Bankers Association, 3rd Quarter 2009 National Delinquency Survey are grim. MBA Chief Economist Jay Brinkmann stated during the conference call that foreclosures are clearly moving into Prime loans, including fixed [...]
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.
