Professor Elam

Conventional wisdom has it that things happen slowly we will all have a chance to react and regroup and like the hero in the movie, find out way out of a desperate situation. This however is simply not the case. Events tend to waterfall with a life of their own. Things happen slowly to a point and then

Dubai cannot make a debt payment

The future of the State of Nevada hinges on City Center

Greece downgraded to bare investment grade, which of course means it is not, other Balkan countries not far behind

No way for the EU countries to really rescue Greece

By the way, if BRIC is Brazil Russia India China, do you know PIGS?

Portugal, Italy, Greece, Spain, except of course this is not a favorable acronym. Spain has 20% unemployment and is not showing signs of recovery

Lehman was certain of a govt bailout days before their collapse.

Tiger Woods, well, the wife has already moved out

I remarked that my initial post on Tiger was serious, and he is now in serious career trouble. Not going broke trouble, but positions as a public image for Nike and Accenture or anyone else in the forseeable future are probably out the window. Scandal sheet magazines and gossip columns are nothing new but long lenses and sites like tmz.com and radaronline.com as well as facebook give a new meaning to conduct unbecoming.

Bear markets are famous for this Kobe Bryant did the same thing, but the markets had not crashed, twice. A change in sentiment leaves the public much less tolerant of mis behavior, it is a socionomic principle. Once the mood shifts from upbeat ot downbeat, beware.