Q 4 productivity up .7%, unit labor costs jump 1.2%. CoreLogic reports home prices fell 1.4% in December to a new low, total 2011 decline is 4.7% nationally.
Posts under ‘Real Estate’
KPIG Radio – The Profit Motive January 26
AG Kamela Harris declares the fraudclosure settlement inadequate because it grants immunity from prosecution, good for her. 2011 new homes sales just 302,000.
KPIG Radio – The Profit Motive January 25
Stocks enter the final hour with modest gains on little significant news. As expected the Fed kept interest rates unchanged and more or less promised to do so through next year. That said QE 3 was played down as the Fed figures it doesn’t need to offer more stimulus besides rock bottom interest rates. Will [...]
KPIG Radio – The Profit Motive January 24
Richmond gains 9 in January to 12. The fraudclosure settlement is out to the State’s AG’s for consideration. Another whitewash and giveaway for the banksters.
KPIG Radio – The Profit Motive January 23
Pundits claiming that the US credit crisis is over?? Yet household debt is only down 4% and household debt service ratio is 115%, lies dam lies and statistics.
KPIG Radio – The Profit Motive January 20
Existing home sales up 5% in December. For 2011 sales increase 1.7%, prices slip 2.5%, inventory falls to 2.38 million units. Fraudclosure scandal settlement?
KPIG Radio – The Profit Motive January 19
Santa Cruz county home prices fall more than 10% in 2011. Housing completions make a new record of 630,000 in 2011. The World Bank puts 2012 world GDP at +2.5%
KPIG Radio – The Profit Motive January 18
PPI falls .1% in December, factory output increases .4% during the same period. Chase bank is stopping some collections amid allegations of fraud.
KPIG Radio – The Profit Motive January 13
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.
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.
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.
