Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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A Look Ahead-2010 “No longer are we going to run New York like a payday loan operation,” David Paterson Governor of New York, State of the State That comment is perhaps the most prescient for the year. So with that as prelude, what is likely to happen in 2010? A chart in USA…
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THe WSJ has a comment on the Fed failure to spot the panty bomber (Mark Steyn's description). Bush was wrong to pile agency on agency with the usual bureaucratic incompetence that results. America's thrill ride tv show, 24, begins January 17. Originally it featured a small counter terrorism unit based in LA, the hapless FBI…
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This author argues that if Bear Stearns had not been rescued, a larger crash would not have happened. Well the better read is the comments show to the article. AS the first post says, that way the fails would have happened the next day all over the world, and it is hard to see how…
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Tuesday Jan 5 2009 The weekly exponential moving averages called the decrease in rates, and the decrease in stocks shown above pretty well. We previously posted these MAs on the stock market. The SPX is at the top. Notice that yields followed the stock market down. IN the recovery yields have followed the market…
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Building skyscrapers and new football stadiums re signs of market optimism, and often market tops! The developers of the Burj Tower say it is 90% sold. But apparently that means sold to sub developers who are looking to re sell the parts of the building they bought, or lease them out. Apt prices have fallen from…
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Sunday Jan 3, 2009 San Antonio Express News governments can keep Ponzi schemes going for a very long time so long as nobody demands his dime back T R Fehrenbach P 9b Other Views Fehrenbach notes that only Norway can afford the socialist welfare state the European nations have created. Norway has only a few…
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Sat Dec 26 2009 They just fail to plan, so goes the axiom in the life insurance industry. Arrow Trucking of Tulsa OK apparently did both, Arrow cancelled the gas credit credit cards of its truck drivers this past Tuesday.This left drivers stranded across the country. Worse, drivers received bus tickets to get home As…
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USA today compiled its list of Best Business Books for 2009.
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We regret that stockcharts.com does not have data for the 1930s. Here is however a linear graph of what happened. THe market topped in 1929 and crashed that fall. High 390 Low 196 Recovery 294 At the recovery high everyone then, Hoover among them assumed things were back to normal. We are experiencing the same…
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Tuesday Dec 22, 2009 Pension plans helped sink GM and are now doing the same to YRC. YRC is the remnant of Yellow Freight and Roadway, now drowning in debt, and pension obligations. Seems that the surviving company is on the hook for all the laid off Teamster drivers of failed companies. Mish Shedlock takes…
Professor Elam 