Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Sunday Feb 7 2010 Jeremy Warner in the UK Telegram suggests the PIGS are causing investors to question the value of sovereign debt. This article was posted on BB by an alert student in Intermed ACCT, it is spot on and I thought should be shared on the blog. First business debt was questioned and…
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Sat Feb 6 2010 The President of Toyota publicly apologized for the failing his customers with a 4.5 M vehicle recall over the accelerator pedal fiasco. Now, does anyone recall the Presidents of GM or Chrysler apologizing for needing a bailout? Did Bill Ford apologize for Ford needing to hock the entire company for $18B…
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Friday Feb 5 2010 1 11 PM CST We showed Spain yesterday, here is the ETF for Italy and the day is not over yet! Our point to students is that debt ratings matter. The PIGS are in the news and fear of default is causing investors to sell all equities as well in…
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Thursday Feb 4 2010 Worries over Portugal Spain and Greece helped take US markets down today. Well that is what we technicians call the fundamentals verifying the technical state of the market. Markets have been falling since their peak in early January, today continues the trend now well underway. But as I told the students…
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Wed Feb 3 2010 Audi owner had a pretty specious claim in my opinion, that for no reason their cars just suddenly accelerated. But it caused lots of problems for Audi. Understand the original Apple computer, which became the popular Apple II, was invented in the proverbial garage in California. The inventor was Steve Wozniak,…
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Wed Feb 3 2010 Dylan Ratigan on MSNBC of all networks explains the TARP fiasco. It goes like this. Bernake gave a speech several years ago suggesting that if the economy sags, one just throws money from helicoptors. He is now doing just that. Banks and brokers borrow money at zero interest. Instead of investing…
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Tuesday Feb 2 2010 On January 25 we reported that WMT is laying off 11,200. These are food demo folks at Sam's, instead WMT will outsource to a company that provides, you guessed it, food demonstrators. Now the President just got a similar question about the US Post Office. From http://www.boortz.com OBAMA ON YOUTUBE By …
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Tuesday Feb 2 2010 Each year Barrons begins with their Roundtable Discussion by various market experts. I read Installment Three in the Feb 1 2010 edition yesterday. While widely respected Bill Gross continues to talk about the New Normal, PIMCO's term for an era of reduced expeectations, what struck me was the nonchalance of all…
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Monday Feb 1 2010 Gold is the only real money because it isn't someone else's liability. Remarks by John EmbryChief Investment StrategistSprott Asset Management, TorontoVancouver Resource Investment ConferenceHyatt Regency HotelVancouver, British Columbia, CanadaMonday, January 18, 2010
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The European Union has reserved baiouts for natural disasters. Greece is a man made financial disaster, borrowing 12% of its GDP, just like Britain and the US come to think of it. Bond spreads, the additional percent points above other country costs of borrowing, have widened for Greece, ie Greece is paying a lot more…
Professor Elam 