Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Monday Dec 7 2009 Five days ago Dec 2 we showed the deteriorating breadth, fewer and fewer stocks participating in the rally, we suggested then that the fally was long in tooth and that lower prices lay ahead. Well that was clear and now those short the Dollar to buy leveraged assets elsewhere, like gold,…
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The FED Report Card Ben Bernake as I write is playing out his part in the latest installment of the Theater of the Absurd. Ron Paul has introduced a bill to audit the FED. Initially Barney Frank was on board forhte audit but of course has been brought back on the reservation by Chief Bernake.…
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Japan was the envy of the world in 1989. Governors of US states trekked to Tokyo begging them to build plants in their states. Howard Davidowitz takes look.
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One of the most basic liquidity ratios is the current ratio, current assets versus current liabilities. Better yet, the acid test kicks out inventory and then looks at the debt. This author explains that ratio in terms of countries. Which is to say "The minimum benchmark of reserves equal to at least 100% of short-term…
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"It is not necessary to change. Your survival is not mandatory." – W. Edwards Deming I found that Deming quote at Jesse's Cafe and it certainly describes GM today. Fritz Henderson is out as CEO at GM. AS one observer remarked, it is not a good time to be an insider at GM, this is…
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We have spotlighted the debt problem from California to Dubai, from the Cowboy Stadium to City Center in Las Vegas. We went micro and highlighted the Northeast ISD here in San Antonio, as well as a failed new museum. Here is a look at other debt bubbles. Note that the US is financiing more and…
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Every so often a college professor wanders onto center stage with the public. This usually happens when he or she manages to actually connect some arcane theory with reality. A few examples Harry Markowitz in the 1950s came up with his efficient frontier of risk and reward Milton Friedman came up with Money Supply in…
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It's not just the city, it's the state. That quote sums up the prospects for Las Vegas with City Center and the State of Nevada and more new rooms opening Dec 16. Dubai, Macau, and Las Vegas have all made gigantic bets on tourism, the latter two depending on gambling. Dubai and Vegas are playing…
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It's not just for the homeless any more, yep Food Stamps now help 36 million people The numbers were growing even at the stock market and economy were in good shape. Will these new additions ever go off the program? See the previous post about the trillions in deficit spending….
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Ambac is a company that used to insure various mortgages and other financial instruments. This promise proved to be as illusory as the FDIC insurance for bank deposits, both groups are now bust. The Ambac CFO has resigned as the stock sinks below one dollar. The idea of financial 'insurance' is dying a hard death,…
Professor Elam 