Business Cycle & Economics Blog of Caleb Lawrence
Stocks are on track to end a rough week in the red. Since Monday the DOA has lost about 200 points or 2% while the NASDAQ has shed some 50 points a little more than 2.25%. The January employment report came in with a loss of 20,000 jobs, December’s loss was revised to 150,000 while [...]
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.
