Business Cycle & Economics Blog of Caleb Lawrence
Down one day and up the next, stocks enter the final hour with decent gains and look to erase yesterday’s losses with an hour to go. The days news is mixed, Chairman Bernanke’s testimony included an admission that the Fed wouldn’t raise rates anytime soon because of the uncertain recovery. Once again the media acts [...]
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.
