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%
Posts under ‘The Economy’
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 17
FOMC minutes from 2006 shows that the Alan Greenspan chaired Fed was clueless, as their statements at the time implied. 2011 proves a tough year for investors.
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.
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 9
Earnings season kicks off today. Real estate prices fall again as per CoreLogic. Q 4 Mall vacancy falls to 9.2%, construction hits a 31 year low, as per Reis.
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
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.
