Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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The CEO of Marriott notes the US is unresponsive to his industry. He noted that more Chinese visited Paris than the US last year. Yikes, Paris is one of the most expensive cities in the world. He also noted there is no one in this administration with any business experience. He suggested the best way to improve…
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Tuesday Nov 30 2010 The scenario playing out in Europe will likely be in the US next year. Here we will substitute states for European nations. Here the analogy to Ireland and Portugal are cities like Chicago and Miami. The states of CA and IL are analogous to Spain and Italy. Without their own currencies…
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Tuesday Nov 23 2010 Those of you contemplating the spring trip to Ireland might start reading up on what you are likely to find on your arrival in the Emerald Isle. Mish lays out the facts, why make the Irish citizens pay for the mistakes of their bankers? Ireland's Reckoning at http://www.businessweek.com is highly recommended reading. Ireland…
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Tuesday Nov 23 2010 Pritchard Evans suggests a couple of alternatives for a Euro solution. Either flood the market with cheap currency ala Bernanke or Germany cuts the weak sisters loose and joins the Dutch in a more stable Euro arrangement. Class, the problem here is not bailing out the specific countries of Greece then Ireland…
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Tuesday Nov 16 2010 Mish reports that China has ordered, no surprise, its own airplane, the equivalent of the Boeing 737. Now that we have given the Chinese the technology, they are using it to produce their own knock offs of our products. Given my experience with chinese socket sets, I am not sure I am ready…
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Sunday Nov 14, 2010 Nassim Taleb author of the best selling Black Swan holds forth on QE II, a must see for all business students. Taleb, a native of Lebanon, reflects on how his country destroyed its currency. He moves on to becoming an options trader here, noting that we should do what we tell others…
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Tuesday October 5,2010 I have suggested a couple of start up ideas in class. One is a valet service particularly for those recovering from surgery who cannot drive themselves around. Another might be a home entertainment business, how to integrate the flat screen television, the computer, the speakers, et al. At least these ideas have…
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Currency Wars We call your attention to Mish's Global Economic Analysis today. The mid term elections loom, polls give Republicans the edge, Democrat candidates shun the President, the entire economic team has been sent packing though they ‘resigned’ what to do? Like any administration, blame the problem on someone else. And that is precisely…
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Thursday Sept 23 2010 An earlier post featured reactions to Charlie Munger's talk at the University of Michigan. Munger thought the bailouts were justified and that the rest of us needed to suck it up. Mish posted some more reaction to what all, including myself, are calling a Marie Antoinette moment. Charlie Munger is Warrent…
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Wed Sept 22 2010 Take a read on Zero Hedge response to Charlie Munger's comments to a group of Univ of Michigan law students. Munger thinks the bailouts were quite justified. No wonder, take a look at how well BRK did among its investments which received such 'free money.' AS for the rest of us,…
Professor Elam 