Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Tuesday June 7, 2011 Meredith Whitney has fired back with a more comprehensive report. She now maintains that states are in worse shape than they admit. 1. Rainy day or surplus funds are being depleted. 2. GO bonds are being used to pay for current expenses, here we go again, borrow long to pay short term…
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Tuesday May 10, 2011 MSFt buys Skype for $8 Billion There are several interesting facets of this. The last sale on Skype was $2.5 B, Skype indicated it was going to do an IPO, put itself up for sale, and bingo, MSFT buys in at 3x the previous price. Observations MSFT has always bought competition…
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Wed may 4, 2011 http://www.businessinsider.com/foreclosure-crisis-hits-glee-2011-5 Last night was a true socionomic moment for the popular show Glee. One of the characters had his home foreclosed, and had to move to a motel. The cast of course felt sorry for him. See our companion blog site http://www.themarketperspective. I strongly suspect the tops of most markets have…
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Tuesday April 26, 2011 Most students do not even know what a right to work RTW law is, yet the New Civil War rages over just that issue. Take a look at the markets blog and the three maps. A Right to Work Law simply means an employee cannot be forced to join a union…
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Tuesday April 19, 2011 http://globaleconomicanalysis.blogspot.com/ Mish points out that two year Greek debt now yields 20%. In short the market is betting the Greeks will default. The price of bonds fall when interest rates rise. The market is now betting Greece will default. So yesterday US Stocks fell, US bonds fell then rallied, and…
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Tuesday March 15, 2010 This graphic shows the decline in newspaper classified advertising. As the article in Business Insider remarked, it did not have to be this way. Revenue is less than one tenth what it was ten years ago.Once this is gone it is not coming back. When I lived in Odessa in the…
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Monday March 5, 2011 Microsoft was once a growth darling of Wall Street. Founder Bill Gates was touted as another college drop out billionaire. But like so many, DEC, WANG, Lotus, Supercalc, it seems to have lost its way. The stock stuck i the mid 20s, lots of cash, little to no debt, but no new…
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Saturday March 5, 2011 Charlie Gasparino has covered Wall Street for many years. Here is the story of how a the Junior Senator from Illinois wooed Wall Street, got their backing, and despite what you hear, has adopted policies that pay off on a daily basis for his supporters. Wall Street is interested in Wall…
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Friday March 4, 2011 Triple Digit Fear and Loathing Crude oil is about 27% higher than a year ago, not an alarming gain, History shows a 50% rise (now $120) start to hit corporate earnings while an 80% rise ($150) has historically led to recession. Gina Martin Adams, Director of Equity Research Wells Fargo Securities…
Professor Elam 