Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Thursday March 18 2010 We have put up article after article about the weak to bankrupt conditions of many states and cities. Here is another sign that one of them is at least trying to do something about it. Pennsylvania for only the second time in its history (note this is one of the original…
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Wed March 17 2010 The Senator from Delaware Ted Kaufrman summarized the story to date. And he makes some concrete suggestions for reform. Needless to say none of them are in the Dodd bill. This is lengthy but will be required reading for all future intermed accounting classes.
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Monday March 15 2010 From a Barrons blog this question, Okay gang what say you? My thinking is Exxon has the best dividend, MSFT pass, no innovation and just a matter of time till the Chinese come up with a Linux system they like, APPL not unless the market crashes and one can buy it…
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Thursday March 11 2010 We study liabilities in Inermed II Accounting. This article details the precarious state of high yield of so called junk municipal debt. We have referenced in these posts the failing states and cities around the country. The re payment of their debt is now in doubt. The Fed Govt has lowered safe…
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Wed March 10 2010 The black approve has approached the red disapprove. The spread has narrowed to near nothing in the bottom histogram. But wait, the White House sees this graph as well. My bet? This is why Obama is making a full court press on Health Care and has a date. His approval rating…
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Sat March 6 2010 Every stock market era has its favored high tech stock, the 1720s had the South Sea Company (the spice trade), the 1920s had RCA (radio), the 1950s-60s had IBM (Spencer Tracy Kate Hepburn even featured IBM in a movie, Desk Set) and later color television along and now we have, yes…
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Thursday March 4 2010 Perhaps I am a bit too negative on Facebook. It is on schedule or so the speculation goes, to do $1.5 Billion in Revenue this year. While Sirius and XM still flirt with going concern ideas, right here on earth Facebook is a bonanza. I mention Sirius, the satellite radio folks,…
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Thursday March 4 2010 A member of the German cabinet suggested that Greece has plenty of real estate, such as uninhabited islands it could see to raise cash, Indeed a bankruptcy sale is all about raising cash from assets. In his book Why Government Dosen't Work Libertarian Harry Browne suggested the US Govt could sell…
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Wed March 3 2010 I know some of the students believe I have been exaggerating what is about to happen in the US economy. Well, listen to what newly elected New Jersey Gov Chris Christie has to say about budget cutting in his state, notably rated the worst to do business in the USA. He…
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Tuesday Mar 2 2010 It seems that Americans are not receiving more govt benefits than they are paying collectively in taxes, will that work? The problems of course are concentrated in a few big states, read about that at Forbes. I am sure that all my talk about the deteriorating economy has students perplexed. After…
Professor Elam 