Professor Elam

Jim Rogers holds forth on what the takeover of Bear BSC really means. As he points out, BSC paid out big bonuses in January. In a bankruptcy they would have to pay them back! As it is they get to keep driving their Maseratis and let you and I pay for them. A CFA goes on to make the point that in a bankruptcy we would finally be able to unravel what BSC and others have really done. As it is Morgan will not let us know.

And, just how much money does the FED have anyway?

I have been demonstrating a bit of technical analysis in class. Here is an explanation of the 90% indicator.