Professor Elam

Colorado will LOWER its minimum wage due to cost of living decreases

Analysts downgrade grocers and other retailers over developing price war.

Amazon cuts book prices to match Wal Mart-note to students, how long before this hits the textbok aisle I wonder?

I have asked many of you to re write your papers on banks and REITs, does this information change your views on the outlook for the ecomomy?  It should, lower prices means lower profits as the battle for market share in a shrinking retail environment heats up, it is clear to the chains that, as I have told you, everyone will not survive this, only the biggest market share which can make it on ever lower margins.