Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Interest rates, capital markets
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Tuesday Oct 1 2013 it is clear that both Republicans and Democrats would like to play a government shutdown to its own advantage. Each would claim the other is at fault, supposedly netting vote gains in 2014. Maybe not. Markets are claim with stocks up this morning as a partial shutdown kicked in last night. …
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Tuesday March 19 2013 Cyprus Seizes Bank Account Deposits My campaign of urging students to become more aware of current events appears to be paying off. An alert student sent the above article. I also featured a similar article on The Market Perspective this weekend. Here is the story. Cyprus banks hold a lot of marginal Greek…
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Thursday Dec 20 2012 Atlanta based Intercontinental Exchange ICE is in talks to buy NYSE Euronext. One of the aims of Dodd Frank is to push off exchange derivative trading onto exchanges, as Rick Santelli suggested a couple of years back on CNBC. We will be disucssing futures, options, and such trading in both intermediate…
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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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Friday May 11, 2012 JP Morgan has reported a $ 2 Billion Loss in its Derivative Trading program. The stock is down 6%. This has a feel of that Bear Stearns moment in 2008. This is not on that scale of course, JPM can stand it but, is there more to come? Recall that Charles and Nikhal…
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Monday March 26, 2012 Quick now what does CSRC stand for? If you said China Securities Regulatory Commission, move to the head of the class. Volume on three Chinese futures excahnges reached $21.9 trillion last year.. Not bad for a group of Communists, eh? We will be disucssing futures and options later in Intermed II this…
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Friday Feb 17, 2012 A reader asks if this is the top or if we are experiencing the breakout I discussed – toward and over 1370 taking the main indices to new highs. I would guess the latter, it looks like the markets want to go higher. TMP exited positions last Friday, earlier that week…
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Tuesday Jan 31, 2012 We are studying bonds in intermed accounting. Yesterday I menioned in class that interest rates on Portugal's debt were soaring. Read about it in Market Gives Up on Portugal. the right hand scale is the interest rate. Bond prices for Portugal are falling in dramatic fashion as interest rates soar. As I…
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Monday Jan 23, 2012 Those clever profs at the University of Iowa have created their own Futures Market. Yep the Tipple College of Business will let you invest up to $500 to wager on real outcomes for real events. Here the current thinking on the various political races is on display. Wagers on Romney have dropped…
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Monday Nov 7 2011 Okay so it was an unrealized loss. We study derivatives in Acct 3312 and will do a lot more of that in Acct 3311 in the future. Please read this article as I will be explaining the meaning of it in class.
Professor Elam 