Business Cycle & Economics Blog of Caleb Lawrence
Technical issues have been resolved, they are now working again. Thanks for your patience. Caleb Lawrence
Stocks rose sharply to begin the week on little real news. The Chicago Fed National Activity Index improved dramatically to -.32 pulling the 3-month average up to -.77 just below the recessionary threshold of -.7, a figure that has accurately predicted 6 of the last 7 recessions. A report from the OCC and OTS shows [...]
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.
