Business Cycle & Economics Blog of Caleb Lawrence
After opening lower stocks gained late and enter the final hour with modest gains. For the week the DOW is up about 300 points or 3% while the NASDAQ added some 45 points or about 2%. The ECRI Weekly Leading Index continues to slip and on an accelerating trend, falling to 128.4 last week 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.
