Business Cycle & Economics Blog of Caleb Lawrence
Markets continue their unsteady ways ostensibly because of the European debt crises when in reality it is almost uniformly a global debt crises. Here at home in the good ol US of A, late Friday brought the December Consumer Credit report, outstanding credit balances fell for a record 11 consecutive months, dropping 1.7 billion. 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.
