Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Obama may be their native son but he has certainly hurt more than helped. After excoriating companies for trips to posh vacation spots, many companies cancelled trips to both Las Vegas and Hawaii. Well guess what, both economies are now on the intensive care list. Read about Hawaii here. As the say ing goes Mr.…
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Even closed mouth China is choking on US Treasuries, the irony continues as Bernake is named Man of the Year, printing Treasury debt like there is no tomorrow.
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Pittsburgh's City Council is proposing a 1% tax on the have nots, the city's college students, to fund the pensions of retired city employees. It is brazenly called the Fair Share Tax. And it is referred to as 'an untapped revenue source.' Let's follow the logic here. The City makes promises to city union employees that…
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A Rolling Stone article takes a look at the more cozy than you would imagine deals already cut to keep zombie banks alive. Warning, extensive use of graphic language, you may find yourself using same as you read the article. Also a good look at how derivatives came to be front and center.
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Friday Dec 11 2009 The 30 year T Bond auction did not go well this week, buyers are now under water no their purchases as the price of the bonds has declined as rates have risen. Buyers are demanding more and more yield to stomach the huge supply coming to market. Granted the late…
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Here is an interview with Mish who does a fine Economic Blog. You will be graduating into a world with fewer opportunities. Those who slacked through college, not really learning any new skills, doing the minimum, with little to show intellecturally or in the realm of certifications will wonder where their tuition went in a…
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Conventional wisdom has it that things happen slowly we will all have a chance to react and regroup and like the hero in the movie, find out way out of a desperate situation. This however is simply not the case. Events tend to waterfall with a life of their own. Things happen slowly to a…
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Idols really do have clay feet. If you are wondering where Paulson got the request ofr $700M, well they made it up as it now comes to light. Do not assume that leaders, just because someone gave them the title know what they are doing. As Indiana Jones famously remarked, I dunno I am making…
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Texas, along with other states, is hiking the minimum unemployment tax on employers. This of course is a disincentive to hire any more workers. The better idea for unemployment is that every week the check should decrease, then the recipient would realize this is a temporary measure and they should seriously be looking for work,…
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The WSJ sums up the next big battle in this article. The Copnehagen meeting is all about getting the well to do countries to send money to the not so well to do, read backwater socialist dominated dictatorships. China nd India, the big polluters, want no part of this. And so our President is apparently…
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