Business Cycle & Economics Blog of Caleb Lawrence
Stocks held modest losses into the final hour on little real news. The Chicago Purchasing Managers Index gained a larger than expected 3.9 points to 60 in December. There has been a great deal of debate regarding the Christmas Eve announcement that the Fed would remove the capital limits placed on Fannie Mae and Freddie [...]
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.
