Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled early on mixed data. Factory activity increased a larger than expected .8% in November though data on the sector remains mixed. The NAHB Index fell to 16 for December, a loss of 1 point and bucking expectations for an increase to 18. Much was made of this mornings big jump in the PPI [...]
Once again our elected representatives sell out to the special interest groups and fail to do what is best for America and your average American whom they were elected to serve. Regulators Resist Volcker Wandering Warning of Too-Big-to-Fail Dec. 15 (Bloomberg) — Paul A. Volcker visited nine cities in five countries in the past eight [...]
A lucid discussion of the so-called regulation being touted in the media as the most significant financial regulation reform since the 30′s, when in fact it is anything but being long on content and short on substance. US House passes pro-Wall Street banking bill By Barry Grey 14 December 2009 The Democrats’ claims for 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.
