Business Cycle & Economics Blog of Caleb Lawrence
January ISM Services index jumps 3.8 to 56.8. 243,000 new jobs in January, beating expectations as the unemployment rate falls to a nearly 3-year low of 8.3%.
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Stocks start the year in fine form as January comes in strong. Construction spending gains 1.5% in January. Subpoenas against 11 mystery companies for fraud?
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.
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.
Stocks and commodities jump to begin the year despite more saber rattling. ISM Manufacturing and Construction spending are better than expectations. Wither 2012
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!
Home salesgain 4% in November but prices fall again. The NAR releases its revised data, sales and inventory drop 14.3% from 2007 through 2010, they spin it.
Commodities brokers client funds not safe? CitiGroup faces trial, will the banksters finally get prosecuted? $700,000+ is not affordable housing, FHA thinks so.
Black Friday sales are a big hit, or are they? Mixed October new homes sales. Judge Jed Rakoff slaps Citigroup and the SEC and sets a trial date next summer.
Stocks kicked off the week in the red on continued Euro zone jitters though interest rate spreads did decrease somewhat over the weekend. That said a recent Fed paper put the risks of a new recession at 50% next year so there was plenty of news to spook the markets. Earnings season is just about [...]
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.
