Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Monday Feb 15 2010 The 1920s like the 1990s was an era of economic expansion, and appeal to luxury interests. Then as now that took the form of expensive automobiles. Back then before the National DOT one could buy a chassis and engine from Duesenberg and have a custom coach builder construct a one of…
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Monday Feb 15 2010 We have added new links for students to give a better perspective on what is happening in America. Mish discusses how unions are self destructing, consider this excerpt. More than 3,000 employees of nickel miner Vale Inco have been on strike since mid-July, and after seven months living off of $800…
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Sunday Feb 14 2010 Sometimes professors make statements to absurd it is hard to imagine how they retain their credibility. In the last ten years gold has risen from $300 to $1200, and backed off a bit. The reason is the lower dollar and the increasing suspicion of all fiat money in the world. Fiat…
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Friday Feb 12 2010 In Tipping Point, Malcom Gladwell concludes that big events can start in a small way. This can work positively. New York starts enforcing payment of subway tokens and crime recedes, at all levels. Or it can work negatively, teenage pregnancy becomes the new normal and no one does much about…
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Thursday Feb 11 2010 Nial Ferguson suggests that Greece is simply the movie trailer for what will be coming to the rest of the world. Or as one student put it in class, who will bail out the USA?
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Tuesday Feb 9 2010 Steve Meyers of Global Perspectives has some thoughts on the market directions for this year. Students have been asking how the Greek debt crisis affects markets. Steve explains that believing the European countries will 'bail out' Greece ignores the basic problem, too much debt. Here is the problem, explained in accounting…
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Monday Feb 8 2010 Speaking of mood, what did the Super Bowl commercials tell us about the public mood? These commercials are expensive, and usually represent the very best that ad agencies can create. Indeed entire campaigns have started right here like the original Apple Mac campaign. But, frankly I found most of them to…
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Monday Feb 8 2010 From the latest on Socionomics at the EWT website. Students have expressed puzzlement at my comment that he public is angry and social mood is negative. Here are some observations about what is going on. Increasingly negative social mood is overtaking politics — and the U.S. stock market. A recent…
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Monday Feb 8 3020 Yep John Thain got the top job at CIT, the financier that just took bankruptcy. Last time we read about John he got the boot from Bank of America after convincing them to buy Merrill, then he wanted a $10 M bonus for doing so, then it was revealed he spent…
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Monday Feb 8 2010 THe US has seven states that are larger than the four countries getting so much publicity in Europe. These states comprise 35% of the US population with 108 people. As the author says, CA has lost its housing, Michigan and Ohio their auto production, New York and New Jersey their financial…
Professor Elam 