Business Cycle & Economics Blog of Caleb Lawrence
A lengthy but good discussion on strategic default or deliberately abandoning ones mortgage. Investors do this all the time so why shouldn’t you. Be warned, strategic default is not without consequences and you need to be VERY CLEAR on the assorted ramifications of doing so as I stated previously. Thanks to radio listener Jim S. [...]
Stocks struggled in morning trade and enter the final hour with modest losses on little real news. Initial claims for unemployment jumped 22,000 to 496,000 last week, the more relevant 4-week moving average gained 6,000 to 474,000, this supposedly surprise move was blamed on the weather. Durable Goods increased 3% in January, much was made [...]
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.
