Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Economy
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Friday July 19 2013 TAMUSA accounting student Joe Dupuy requests a comment on the Detroit bankruptcy. He noted I have mentioned this in class. Here is a good WSJ explanation of what is going on. Detroit joins Jefferson County AL, Stockton, CA, and San Beniamino, CA in BK court. Chapter nine was created for cities after…
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Weekend April 28 2013 Mesquites were not native to Texas. But cattle consumed the mesquite beans and along the trail did what cattle do. The result was that this pesky tree bush is now all over West and South Texas. it sucks most of the sub surface water away from the grasses. And it is…
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Wednesday Nov 28 2012 SNE PC and Sharp have had their debt ratings lowered to junk or below junk levels. All are suffering from losses in their tv divisions. Samsung from Korea has become a strong competitor. Panasonic has suspended its dividend and announced its biggest loss ever, $9.28 billion. Sharp may be in danger…
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Weekend October 21 2012 Jim Rogers confirms our views of a market downturn next year. John Mauldin reviews Hoisington's view of QE 3.
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Wed Oct 11 2012 An electric car battery maker, the recipient of some $249 M in Federal Cash, filed for bankruptcy. Along with Solyndra (price tag $500 M) this follows a similar pattern from the 1970s. Alternate energy requires lots of subsidies and has never lived up to its promise. Wind energy is in fact…
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Tuesday Oct 16 2012 Do you know Jim Rogers author of Investment Biker and Adventure Capitalist? Here he takes on Bernanke and the FED. Go to Amazon.com and put in Jim Rogers to see the books he has written. He is of cousrse right that the money printing will end badly,We will eventually get hyper…
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Tuesday Oct 2 2012 I worked for Ross Perot in 1972-74. He is a most interesting fellow, not just the oddball Presidential candidate that you know him as. Now Ross suggests that America is so mired in debt it could be taken over. Now that Ithink about it, this is quite realistic. Mark Steyn in…
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Weekend Sept 22 2012 The latest Eva Peron wannabe, President Kirchner, had adopted policies which have brought the Argentine Economy to a dead halt. The Socialist fervor that has done the same for Venezuela has gone South. Couple this with the 3.5 year low in the Shanghai Index President Hollande in France is working a similar disaster.…
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Wed August 29, 2012 The promotion of the Fidelity Chairman of the Board daughter qualifies as our tongue on cheek Horatio Alger success story of the week. Alger wrote a series of stories about luckless impoverished boys accidentally wandering into success. Someone who inherits their job, wealth, or success is ironically noted as a Horatio Alger success…
Professor Elam 