Business Cycle & Economics Blog of Caleb Lawrence
Stocks held modest gains into the final hour on mixed news. The January PPI increased 1.4% on a big jump in energy prices. The annualized rate reached 5% a 3rd consecutive positive figure. First American Core Logic reported a 1% decline in home prices nationally during December. Real estate prices frequently soften during the winter [...]
Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash As usual Matt Taibbi tells it like it is, an excerpt below. The entire article is well worth a read. Be warned Mr. Taibbi does not pull his punches [...]
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.
