Accounting & Investing Info for San Antonio A & M
Perhaps so, in the last month Gary Schilling in his Forbes column and Jim Rogers on Neal Cavuto’s show have both predicted recessions beginning in December. Now comes Hoisington Investment Management based in Austin TX. Their prediction is also based on the combination of a collapsing housing market and an inverted yield curve. This firm was featured in Scott Burns column in this Sunday’s DMN, they have quite an enviable track record. Click and see what you think.
DLE
It looks like they could be right. Wal-Mart reported low quarterly earnings in this the beginning of the busiest season on the year. According to an article in the WSJ this is a telling sign for retail in general.
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WMT is still selling lots of stuff, just not more dollar value than last year, not such a bad thing in my view, WMT continues in its mature phase. I think the slow down will be the slowing in the housing market, defaults, and lack of any saving which ended with no more ability to re finance the house and take the money from that to pay credit cards.
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Professor Elam 
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