Stocks fell from the open despite little significant news. Durable goods orders increased .3% in December, a volatile series the proxy for business spending, non-defense capital goods ex-aircraft, fell 2.2% though the rate of decline has fallen sharply. Businesses just aren’t investing, as overcapacity remains compliments of the credit bust. The Chicago Fed national activity [...]
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. 
