JP Morgan misses earnings. Import prices drop .1% in December but gain 8.5% in 2011. November Trade Deficit jumps to 47.8 billion. S&P cuts euro credit ratings.
Posts under ‘Credit Crises’
KPIG Radio – The Profit Motive January 12
Real estate shadow inventory is 9.8 million and potentially a trillion in losses for the banks. Morgan Stanly has the highest default risk as its CDS hits 379.
KPIG Radio – The Profit Motive January 11
Mixed economic data, BLS reports California has 3 counties in the top 10 for wage gains last year. A Fed governor cites lawlessness for the current crisis.
KPIG Radio – The Profit Motive January 10
November Consumer Credit jumps 10%, its largest advance sine 2001. A new credit already, is that even possible? Borrowing your way to prosperity doesn’t work.
KPIG Radio/The Profit Motive January 5
December ISM Services Index gains to 52.6, ADP employment hits +325,000 in December BLS is out Friday expectations are +150,000. FHA needs a 50 billion bailout?
KPIG Radio / The Profit Motive January 4
Stocks mark small gains on little real news. B of A loses another round. Q 4 earnings estimates fall by more than half, analysts figure 2012 will be great, sure
KPIG Radio / The Profit Motive December 30
Stocks close out the year essentially even. Will the world end in 2012 or just the world as we know it? Time for a new direction in 2012!
KPIG Radio / The Profit Motive December 29
Mixed economic data leaves the major averages struggling to end the year positive. Gold slips again, has the trend become the enemy? What about hyperinflation?
KPIG Radio / The Profit Motive December 27
Case/Schiller slips .6% in October and 3.4% for the year. Europe seems to be getting its act together as Chinese real estate implodes, another recession?
KPIG Radio / The Profit Motive December 23
Home prices continue to fall in November. The lamestream media is starting to notice the lack of criminal prosecutions related to the current crisis.
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.
