Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Saturday Feb 11, 2012 A few articles of note in the Weekend WSJ Page A 11 – Art Laffer notes states are leading a pro growth rebellion. We viewed On the Waterfront in the Ethics class, the Dems have sided wtih unions for this election when union membership is smaller and Indiana just passed a…
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Friday Jan 20, 2012 In the 1970s a new leader emerged in tlelevision production. Sony had its three gun Trinitron television which produced a much more clear picture than the Zenith or RCA. Indeed demand was so great Sony decided to start making the sets in the US. US dealers protested, certain that quality would…
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Wed Jan 11, 2012 Okay I cna handle American Airlines like the others going BK Eastman Kodak is no surprise as it has been headed that way for some time But Twinkies, and second go at that! Yes the venereable Hostess Brands is Chapter 11, too many, 372, union contracts out of control.
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Friday Jan 6, 2011 On the marketpersepective post I commented on Kodak. I wondered what it was that they would save in a Chapter 11 which is reorganization. Chapter 7 is We Give Up, Call the Aucitioneers. I don't see that EK has anything left to do. I am guessing that most of their patents…
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Monday Nov 7 2011 Okay so it was an unrealized loss. We study derivatives in Acct 3312 and will do a lot more of that in Acct 3311 in the future. Please read this article as I will be explaining the meaning of it in class.
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Friday Nov 4, 2011 A Primary Dealer PD is one who is designated as an official dealer to re sell government debt in primary offerings. As such the PD can carry much more debt than a typical bank, this allows the inventory of government bonds. Zero Hedge makes the point that PDs are artificially lowering…
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Tuesday Oct 18, 2011 On page A 17 in today's WSJ, David Skeel, a University of PA las professor, argues that bailing out Bear Stearns was the big mistake in 2008. That sent the wrong message to Lehman, which failed to clean up its balance sheet. I would argue that it was way too…
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Monday Oct 3, 2011 October is the worst month of the year for stocks. 1929, 1987, and 2008 all experienced October meltdowns. The 1974 low was delayed until December. Investors have fled the market no doubt fearing the worst. Is there worse to come? I have been commenting in class that this will be an interesting semester…
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Thursday Sept 8, 2011 Debra Saunders notes that advocacy groups like American 99ers Union want their unemployment benefits extended from 99 weeks (two years) to 113 weeks. As one of you noted in a comment on the blog, don't these guys plan to go back to work? Remember that unemployment benefits come from taxes on employers…
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Wed Sept 7, 2011 Here is a fascinating look at how conventional economics has failed. Charles Smith suggests that Marx had it right in terms of production finally overwhelming consumption, hence we are in a deflationary environment. The blog link contains some graphs showing that labor's cut of the pie is shrinking. This explains the rise of government…
Professor Elam 