Business Cycle & Economics Blog of Caleb Lawrence
FRBSF ECONOMIC LETTER 2010-01 January 11, 2010 BY REUVEN GLICK AND KEVIN J. LANSING A great piece on the housing bubble and I encourage you to read the whole thing. 5 pages, it can be found here: Global Household Leverage, House Prices and Consumption Household leverage in the United States and many industrial countries increased [...]
Stocks struggled in early trade on little economic news following Alcoa’s disappointing earnings report. The general consensus is that earnings reporting will go quite well. Not so much because the earnings themselves would prove impressive but because the year ago comparison is so weak, meaning the height of the finical panic in late 2008. 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.
