Business Cycle & Economics Blog of Caleb Lawrence
Stocks added modest gains into the final hour on little economic news. The trade deficit fell to 32.9 billion in October as exports increased and a fall in the imported energy bill. Interestingly despite a 9.2% increase in the average cost per barrel of crude oil in October from September oil imports fell 13.1% 17.8 [...]
A very interesting and well reasoned forecast for next year from an economist rated as the 6th most accurate by Bloomberg. Mr. Rosenberg had a lengthy career at Merrill Lynch before joining his current firm and is well worth a read. David Rosenberg’s 2010 Outlook “The Recession Is Really A Depression” With December almost done, [...]
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.
