Posts from ‘May, 2010’
KPIG Radio / The Profit Motive May 28 Audio
The Profit Motive May 28
KPIG Radio / The Profit Motive May 28
Because credit busts are inherently deflationary by virtue of the fact that there is a lot less credit available and or used along with declining employment, income and asset prices all of which leads to less demand while supply remains excessive.
KPIG Radio / The Profit Motive May 27
The Profit Motive May 27
KPIG Radio / The Profit Motive May 27
The big banks use of Repo 105 transactions to make themselves look financially sound when in fact the are anything but. Follow a clear pattern of deliberate balance sheet manipulation as per the WSJ Piece that sources the Federal Reserve for the Repo 105 data.
KPIG Radio / The Profit Motive May 26 Audio
The Profit Motive May 26
KPIG Radio / The Profit Motive May 26
So far this spring new home sales seem to be enjoying a fairly robust seasonal, or is that tax credit, inspired bounce. During April the median price plunged 15.7% to $188,800, I’d take that price change with a grain of salt as it seems awfully excessive to me and could easily be a statistical aberration.
KPIG Radio / The Profit Motive May 25 Audio
The Profit Motive May 25
KPIG Radio / The Profit Motive May 25
David Stevens, head of the FHA, recent comments on real estate include; “This is a market purely on life support, sustained by the federal government,” and “it’s a very sick system” amongst other gems.
KPIG Radio / The Profit Motive May 24 Audio
KPIG Radio / The Profit Motive May 24 Audio
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. 
