Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled to begin the week and enter the final hour with modest losses on a lack of real news though much is being made of Dubai’s refusal to guarantee the debt of Dubai World. The one point worth noting here is that frequently the catalyst for reversal of unsustainable market trends that are divorced [...]
An interesting take on the perceived morality of walking away from one’s mortgage. Given the banks behavior of late I can’t help but think that what is good for the goose is also good for the gander. Break chains of mortgage morality, lawyer says Go ahead. Break the chains. Stop paying on your mortgage if [...]
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.
