Business Cycle & Economics Blog of Caleb Lawrence
Stocks opened sharply higher and added to their gains into the final hour despite little real news as the dollar fell further while gold continues to climb. The November ISM Purchasing Managers Index slipped to 53.6, while below expectations it showed expansion of the manufacturing sector for a 4th consecutive month. New orders increased for [...]
Debtwatch No.41, December 2009: 4 Years of Calling the GFC (Global Financial Crises) Posted by Cassander Debtwatch No.41, December 2009 A somewhat convoluted discussion of the relationship of debt to GDP. Nonetheless Steve Keen does a very good job of explaining that this is a debt driven crises and why most economists just don’t get [...]
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.
