Business Cycle & Economics Blog of Caleb Lawrence
Following on yesterday’s retail vacancy data we find that apartment vacancies are also at an almost 30-year high of 8% in the 4th quarter. As one would expect rents are plunging as a result, .7% in the 4th quarter and 2.3% for 2009 in total, expectations for 2010 with respect to rents is another decline [...]
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.
