Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled into the final hour with modest losses on little real news. Ben Bernanke’s outline of the Feds exit strategy was long on words and short on substance, essentially indicating that the Fed would make it as easy on the financial sector as possible. The December Trade Deficit increased to 40.2 billion. Both exports [...]
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.
