Business Cycle & Economics Blog of Caleb Lawrence
Stocks moved steadily higher after a rough opening on mixed news. The Case/Schiller 20-city home price index fell at an annualized rate of 5.3% in November continuing the trend of a slower rate of annualized house price decline seen over the last 10-months, from October prices increased .2%. Some notable standouts from the previous month [...]
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.
