Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled to begin the week and following a choppy morning session enter the final hour about even. The January Chicago Fed National Activity Index increased to .02 the first positive reading since the summer of 2007. The 3-month moving average also improved reaching -.16 the 3rd consecutive month the figure has been above 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.
