August ISM manufactuing comes in weak, prices paid falls again. Productivity and costs increase for a second quarter watch market valuations and profits.
Posts under ‘Bank Failure’
KPIG Radio / The Profit Motive August 30
B of A shirks the truth and demonstrates a lack of credibility. This summers real estate bounce is weak and ending prematurley. Consumer confidence plunges.
KPIG Radio / The Profit Motive August 29
Strong personal income and spending data helped pushed stocks to nice gains to begin the week. B of A continues to raise money it doesn’t need.
KPIG Radio / The Profit Motive August 24
Gold sells off hard after making nearly 1900/oz. Purchase mortgage activity hits a 15-year low. The CBO says don’t worry be happy, the deficits will disappear.
KPIG Radio / The Profit Motive August 23
The Richmond Fed drops 9 points to -10. New home sales and prices fall in July. Wall St. doesn’t invest its own money like its clients. Blankfein lawyers up.
KPIG Radio / The Profit Motive June 27
Despite little significant data stocks marked decent gains for a second day. Following the usual spring and summer pattern Case/Schiller reported that home prices increased in April with a gain of .7% for the 20-City Index, the first advance in 8-months. 13 of the cities tracked posted a gain, 6 hit new lows, LA and [...]
KPIG Radio / The Profit Motive June 13
The European crisis continues as Greece gets cut to CCC, well into junk status. NY and Deleware AG’s go after Deustche and Bank of NY Mellon over MBS Trusts.
KPIG Radio / The Profit Motive June 10
Import prices gain 2.2% but energy slips. B of A loses a significant case in Michigan as the judge finds violations of Trust Law and the PSA’s controlling MBS.
KPIG Radio / The Profit Motive May 31
Another Greek bailout. Chicago PMI plunges 11 points in April. Case/Schiller reports a new record low for real estate in the Q-1, banks face growing risks.
Dodo Bird Bankers
When you subvert capitalism by saving the corporations from themselves. You no longer have a capitalist society but a fascist one – by definition.
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.
