Business Cycle & Economics Blog of Caleb Lawrence
A very interesting piece on housing’s “shadow inventory” over at the Housing Bubble Blog. The whole piece is well worth a read and the article contains a number of links you can follow for additional information. Laying A Road Mine That Will Explode Later On Friday I proposed the following: “There is something going on [...]
Source: Rolling Stone Matt Taibbi Obama Baited And Switched Us, And Let Wall Street Take Over The White House
Stocks entered the final hour mixed on little economic data. The latest cost estimate of the TARP bankster bailout package has been revised lower by 200 billion as the Treasury Department now expects to recover all but 42 billion of the 370 billion originally committed as per an article in the Wall Street Journal. Great [...]
Increasingly I’m of the opinion that we are going to do Credit Bust 2.0 in 2010 because of commercial loans and also the Option ARM and Alt-A residential loans categories. This article address the commercial aspects of this problem. If You Thought the Housing Meltdown Was Bad… Three guesses who were among the significant buyers [...]
Stocks opened strongly following a much better than expected payroll report but slipped late. The November employment report turned in its best performance in nearly 2-years with a loss of just 11,000 jobs a figure far better than the expectation for a loss of 130,000 additional jobs, the unemployment rate fell to 10%. Even the [...]
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.
