Business Cycle & Economics Blog of Caleb Lawrence
Stocks finished 2009 in fine form as the DOW gained 18.8% the S&P 500 added 23.5% while the NASDAQ advanced a whopping 43.9%, the largest market rally since 2003. With the exception of the NASDAQ none of these gains were large enough, in percentage terms, to erase 2008’s loss of 31.9% for the DOW, 36.5% [...]
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.
