Business Cycle & Economics Blog of Caleb Lawrence
Very interesting interview with Hayman Capital Founder Kyle Bass. Bass testified at the crisis hearings in Washington, about Fannie Mae, Freddie Mac, bank capital, bank leverage and derivatives. He discussed those issues with CNBC’s David Faber along with his forecast for Japan which begins at about the 4 minute mark Source: CNBC
Stocks fell hard in early trade, erasing yesterday’s gains on little significant news. The Producer Price Index increased .2% in December and came in 4.7% higher than a year ago on a huge surge in crude goods, largely energy, prices as the year came to a close. Housing starts fell 4% to an annualized rate [...]
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.
