October payrolls of +80,000 marks another weak month. The official unemployment rate slips to 9%. More evidence of our failed economic policies and leadership.
Posts under ‘The Markets’
KPIG Radio / The Profit Motive November 1
The Greeks spook the markets again, Manufacturing and construction increase, deflation makes an appearance. MF Global loses 700 odd million in client funds.
KPIG Radio / The Profit Motive October 31
The financial crisis claims another victim as MF Global files chapter 11. Europe plans to recapitalize its banks with monetization and accounting gimmicks.
KPIG Radio / The Profit Motive October 28
Swap Greek bonds for new ones worth half, isn’t a default so the banks profit from the CDS they sold but don’t have to pay up. Lie cheat and steal in action.
KPIG Radio / The Profit Motive October 27
Q-3 advance GDP jumps to +2.5%, on debt funded gains in personal spending. Last nights shameful events in Oakland will only inspire more and larger protests.
KPIG Radio / The Profit Motive October 14
Stocks manage to erase almost all of Septembers losses with two weeks of gains. Shipping and diesel use data imply that the economy may be entering recession.
KPIG Radio / The Profit Motive October 12
Alcoa kicks of earnings with a big miss. Harrisburg, PA files bankruptcy. Mayor Bloomberg of NY thinks those that pay a lot of taxes can do anything they want.
KPIG Radio / The Profit Motive October 10
Europe agrees on a bailout and gives Dexia Bank 120 billion euros. Like us they realize its the path of least pain and that the alternative is a non-starter.
KPIG Radio / The Profit Motive October 7
September produced 103,000 new jobs, July and August were revised up by 99,000 as per the BLS. Reis reports mall vacancies at an 11-year high of 9.4% in Q3.
KPIG Radio / The Profit Motive October 5
Generally positive economic data moves stocks higher. Occupy Wall St protests come to Santa Cruz, Ca. BNY Mellon gets sued for fraudulent currency transactions.
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.
