Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Tuesday April 27, 2010 The licensing rights for the Peanuts Gang has been sold for $175 M. I make this post as a socionomic observation. Market highs tend to be inclusive, people want to joint together. Acquisitions are made, mergers occur, white knights emerge. This never happens at market bottoms when things are cheaper. The…
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Monday Apr 26 2010 This is a good example of how to explain large numbers in short time frame. It was done by a college student. This is a great example of good design. It is simple, straightforward, and makes the President's claim that they are really cutting the budget ridiculous. Make that the last three…
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Wed april 21 2010 No one ever titled a bill Whoops we really goofed up and should have done this sooner, such legislation is always couched in terms like Technical Corrections Act Financial Reform Act to make it sound like congress is not just covering up their past lack of oversight which of course is…
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Tuesday April 20 2010 You may have heard that Wall St II Money Never Sleeps is now in delayed release until Sept 24. Perhaps the plot of Wall St II was not deemed audacious enough to keep the attention of the audience, given what is playing out in real life with Goldman, consider, let's create…
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Monday April 19 Monday Monday Can't stand that day The Mamas and the Papas THere is an excellent summary of the weekend events since Friday regarding Goldman et al at Jesse's Cafe this morning. Mish this morning, interesting videos, widening scandal. Meanwhile the volcano in Iceland could lead to another volcano in Iceland erupting. This…
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Friday April 16 2010 A Nation Divided Abraham Lincoln observed that a nation divided against itself could not stand. We are now as close to that same sort of division as we ever were, let’s take a look. Politicians in Washington DC (and as the Governator learned in CA) have gerrymandered their districts to…
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Wed April 14 2010 Here is one for the ‘now I have heard it all department.’ Yes the New York City Off Track Betting Corp OTB is in Federal Bankruptcy Court under Chapter 9. But it gets worse! The New York Racing Association, a creditor, has asked the case be thrown out, saying OTB does…
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Wed April 14, 2010 Can Washington DC really create jobs? Apparently not, jobs are a derivative of economic expansion. But Washington seems to think the job comes first. Hence Washington offers a tax credit for hiring someone. A tax credit is a direct deduction of taxes owed, but in a recession, most small business does…
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Tuesday April 13, 2010 The economic pullback, recession, calamity, offers an interesting opportunity for social observation. How are your friends who have lost jobs or who have not found jobs reacting? The WSJ quotes Larry Summers in 1999 pointing out that extending unemployment results in no surprise, people staying unemployed. Indeed another study notes that…
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Tuesday April 6, 2010 From Mish's Global Economic Trend Analysis, Los Angeles is broke. I mentioned in class that this is an excellent time to be studying equity as there is so little of it! This is serious folks. Los Angeles is in deep trouble. The situation has gotten so grim that the city controller…
Professor Elam 