Business Cycle & Economics Blog of Caleb Lawrence
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 [...]
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.
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
Europe gets tested again, the price of waffling. The, no audit, Fed’s latest Euro swap line passes 50 billion, its taxpayer funds why the secrecy?
The tab for the financial sector bailout 29.6 Trillion and counting according to the Levy Institute. Yet the regulators still do not enforce the rules or law.
Commodities brokers client funds not safe? CitiGroup faces trial, will the banksters finally get prosecuted? $700,000+ is not affordable housing, FHA thinks so.
Earnings season has a 64.5% beat rate so far. ISM Services slips fractionally in October but remains positive. Another 6 billion down the Freddie Mac rat hole.
The Federal Reserve helps B of A move 53 trillion in largely unregulated derivatives to its FDIC insured division. If it goes bad us taxpayers are on the hook.
Economic data disappoints to begin the week but stocks move higher. MERS gets sued at the county level in TX alleging evasion of county recording fees.
Stocks plunged early on mounting fears. Commercial real estate and the economy improvemen. The latest FOMC statement shows a Fed in disarray. Banks get cut.
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.
