The Profit Motive August 26
Posts from ‘August, 2010’
KPIG Radio / The Profit Motive August 26
The FHFA or Federal Housing Finance Agency reported that home prices fell 1.6% in the 2nd quarter from a year ago, as foreclosures became an increasing percentage of available inventory. Following a record 269,962 2nd quarter foreclosures.
KPIG Radio / The Profit Motive August 25 Audio
The Profit Motive August 25
KPIG Radio / The Profit Motive August 25
New Home Sales for July came in at 276,000 units annualized, a big miss just like yesterdays existing home sales data, and for similar reasons.
KPIG Radio / The Profit Motive August 24 Audio
The Profit Motive August 24
KPIG Radio / The Profit Motive August 24
What we got was a 27.2% plunge in existing home sales to the lowest figure since 1999, when the NAR started keeping records, as sales hit 3.83 million units annualized. A record drop to a record low as months supply hit a record high of 12.5.
KPIG Radio / The Profit Motive August 23 Audio
The Profit Motive August 23
KPIG Radio / The Profit Motive August 23
The NBER, the folks officially in charge of dating when recessions begin and end, never officially declared that the recession was in fact over.
KPIG Radio / The Profit Motive August 20 Audio
The Profit Motive August 20
KPIG Radio / The Profit Motive August 20
Perhaps Mr. Cuomo should look into that as well because just like the AIG deal, their both dirty and quite probably involved the breaking of more than a few laws.
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. 
