Professor Elam
Accounting & Investing Info for San Antonio A & M
about
Category: Economy
-
Monday March 1 2010 Several sites are noting the difficulty of the FED's zero interest rate policy. The real result is that there is simply no safe way to make any return on funds. This is impacting pensions and other sinking funds charged with returning value. And, how does one afford to run a money…
-
Monday March 1 2010 I recently added a link to Mark Steyn on the sidebar. His article on Greece is a good example of why one should be reading Mark. As the saying goes, demography is destiny. Greece is simply not replacing its population. Its birth rate has now fallen below the point that the…
-
Sunday Feb 28 2010 Wave of the Future Her: Facebook is the Wave of the Future Prof Elam: Are you sure it’s not the Wave of the Present? Her: Absolutely! I usually ascribe considerable doubt to certainty, especially the more widespread it becomes. We teachers are told that students get everything (learn?) from social media…
-
Wed Feb 24 2010 I call it the New Civil War. It is the battle for business that creates wealth and jobs. This time the South is winning. Right to Work states are those with laws that state a worker cannot be forced to join a union as a condition of employment. This article traces…
-
Wed Feb 24 2010 Wall Street lore has it that no one rings a bell at the bottom. Well Warren Buffet's investing buddy, Charlie Munger, has rung one at DOW 10,300. Writing in Slate, Munger titles his article, It's Over. He compares America to a giant gambling casino in which 'investment firms' have assumed the…
-
Wed Feb 24 2010 3:11 to Yuma was a movie first release in the late 1950s and re done two years ago. It is on my list of movies with ethical themes for students to review in Ethics class. But cancel that train! The State Parks Board in Arizona has closed 13 State Parks and…
-
Wed Feb 24 2010 I made the comment in class on Monday that we could expect to see strikes and probably riots as a result of failed promises on the liability side of world city state balance sheets. Well, we did not have to wait long for that. Greek unions are calling for nation wide…
-
Monday Feb 22 2010 The one complaint about my classes is that, okay so there is perhaps more than one complaint….., but the one complaint is that I expect too much. Here is a quick story. In high school I took two years of Latin Classes. At least I sat through two years. We only…
-
Thursday Feb 18 2010 I asked permission and it was granted from Richard Russell, author of the Dow Theory Letters, to reprint a recent column. Mr. Russell has written his investment letter since the 1950s. He has authored numerous articles for Barrons and is well respected in investment circles. By the way, at age…
-
Thur Feb 18 2010 You read that right, accountingweb.com has a good summary of what various states can expect. Paying people not to work is counter productive after a point. As employer taxes rise ever higher, it becomes a huge disincentive to hire more labor, as the employer pays that tax on every one of…
Professor Elam 