Milton Friedman won the Nobel for his work on Money Supply. The Fed understandably no longer reports various levels of M or money supply. AS you can see above, it is simply exploding. I cannot post the Laffer article in today's WSJ but you get the picture. As Laffer says we have never seen this…

Roger Penske Auto Group will buy Saturn from GM.  Roger is one of the most successful business guys in the auto arena period.  It will be interesting to see what he dose with Satur.  Chevy hobbled Satrun from the get to at GM, yet it still attracted a loyal fans. Everything that gets Roger's attention seems…

States by law must live within their budgets. We study budgeting in chapter 9 of the cost ACCT 3314 course. Click to see how various states are doing in handling their budget gaps. If in the classic multiple choice gambit you picked None of the above, move to the head of the class!

“If it gets any worse than it was at the November 2008 ‘lows,’ and the subsequent March 2009 ‘undercut lows,’ they might as well close the NYSE and I’ll retire.” Jeffrey Saut, Investment Strategist at Raymond James This quote caught my eye, for several reasons. But specifically because of the suggestion in an interview with…

  Benchmarking Votes   Benchmarking is the process of  identifying successful strategies of the best in the field to implement one’s business plan. Sadly most political projects only count the votes available and spend accordingly. The latest case in point is Chrysler.  Bankruptcy is a pretty good deal, assuming one is not really bankrupt, just…

Chrysler in my lifetime has been a company that manages a small profit in the best of times and is going out  of business, always, in the worst. We are at such a low spot, again.  One of the problems here is that the Administration is beholden to the UAW. Things would be better if…

I suspect Chrysler is toast, here Jerry Flint speculates on GM's future.  For sure the Democrats in charge will keep GM somehow someway on life support thru the next Federal Election. That would hopefully capture several midwest seats in the election. With those states like Ohio and Michigan, along with New York and California, it…

Prof Tom Sowell's latest book examines who was behind the housing and financial crisis.  The Housing Boom and Bust would be a good choice for a book review in any business class. 

The Parkcentral Global Hub LTD Hedge Fund fell from $2.52 B to $266 M in a matter of months. While that in itself is not unusal given what has happened lately, the fact that the Perot family was the biggest investor was unusual. This is not the sort of thing that made Ross Perot rich.…

Birtian and the US are mimicing one antoher, tax the rich, they can afford it. But can the entire country. People vote with their feet and Weber here explains that will happen. Talent will simply pick up and go elsewhere. Interestingly Ireland of all places realized this a few years back, they lowered taxes to…