Professor Elam

Wed Sept 2 2020

Again from today's WSJ

Fuel demand rebounded  but is now tapering off.  Here we have the domino theory in action.

If people cease driving, there are more empty motel rooms. If the rooms re not full the restaurants will not be full either.

The same can be said for airline travel. The airlines are now announcing thousands of lay offs of those that were temporarily laid off. Fewer on airline flights, fewer hotel rooms booked, fewer restaurants booked.

College Fees Spark  Pushback  in the Pandemic

Students at residential colleges rented apartments and paid fees forward to enter Fall.Now the athletic fees are paid but there are no athletic contests. With on line classes no need to move back in an apartment but the lease bill is still due. As a commuter campus this has not been the problem here it is else where but  the stories along this line continue.

Tesla to sell Another $5 Billion in  Stock

When a company sells more stock than its earnings can support it is said to be watering the stock. This is what penny stock compnanies do, over issue the shares to the point that E/S is miniscule.

Samsung Leader INdicted

Lee Jae young is charged with manipulating stock price. He has been to prison once already but was released when the  S Korea Suprememe Court sent the case back for re trial.