Business Cycle & Economics Blog of Caleb Lawrence
Stocks enter the final hour mixed on generally disappointing news. For the first week of the year they are off to a good start with the NASDAQ up almost 2% while the DOW has gained about 1.5%. December’s employment report showed a loss of 85,000 positions considerably more than expectations. Temporary positions added 47,000, the [...]
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.
