Business Cycle & Economics Blog of Caleb Lawrence
Mixed economic data sent stock into the final hour holding modest losses. The Conference Boards Index of Leading economic indicators, like the ECRI weekly leading index says don’t worry be happy as the economic recovery has a strong foothold following a gain of .9% in October. Unfortunately both of these indexes are heavily skewed by [...]
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.
