Business Cycle & Economics Blog of Caleb Lawrence
Stocks moved sharply higher from the open and enter the final hour with modest gains on mixed data. Buyers rushing to beat the expiration of the first time homebuyer tax credit pushed home sales up 7.4% in November, inventory fell to 6.5 months supply while the median price increased .8%to $175,600. Over the next few [...]
While it is generally accepted that we have the best politicians money can buy and that who you know is much more important than what you know. Another long suspected unhealthy relationship, generally accepted as true but never proven. Meaning the revolving door between big business, particularly the finance sector, and big government. We now [...]
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.
