Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Interest rates, capital markets
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Wed August 31, 2011 The fictional story of Atlantis dates to Plato and then to a fictional re creation in 189. In an earlier post I had mentioned the ill fated Retama Race Track here in San Antonio. I has a $500 K debt payment due tomorrow, and well, it does not have the money. Now,…
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Sunday April 17, 2011 I am reading Robert Scheer's The Great American Stickup. Recently I gave the lecture on the history of derivatives as well as the recent history of the financial crisis as well as famous derivative blow ups. Sheer pulls not party line punches, describing vividly how Enron et all bought an paid…
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Wed April 13 2011 Please read this WSJ article on how the Dodd Frank rules will affect derivative trading. We are studying derivatives in various classes. I will post more on this later but this is an effort to raise thin margin requirements by participants.
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Monday April 11, 2011 the Dodd Frank rules begin kicking in the third quarter. Take a look at what is coming. What a mess, the last thing we need are more rules, note that Dodd is not running for re-election. This will only slow an already slow economy.
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Sunday Jan 31, 2011 The Correction Gets a Foothold We titled last weekend’s update ‘Correction Under Way.’ We showed that five waves appeared to be complete from our buy signal at the July lows. We also showed that the Summation Index for the New York Stock Exchange was decidedly lower indicating reduced market participation in…
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Sunday Nov 28 2010 Nassim Taleb has an update on his best seller The Black Swan. I mentioned this book, over 2 million sold, to blank stares in class the other day. Here is a good review by Chris Anderson of Wired Magazine Important events are unexpected. Barack edges out Hillary, McCain comes back from…
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Wed Oct 20 2010 This professor who wrote the Best Way to Rob a Bank is to Own One explains the lack of oversight of bank lending that allowed many to profit from putting non qualified borrowers into homes they cannot afford. Frankly I suspect that the government will have to invent some sort of rescue…
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Monday Apr 26 2010 Okay, let's as the saying goes, connect the dots. Warren Buffet is supposed to be an advisor to Pres Barack Obama Warren made a comment in this 2002 annual report that derivatives were potential weapons of mass destruction. The financial reform bill will require derivatives to traded on exchanges, subject to…
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Friday April 16 2010 This is the sort of conversation that usually takes place at pay day loan offices, ie, the borrower is forever short making the payment. Ah the world of subprime sovereign debt. Argentina is offering a debt swap. Which is to say, will you take this lesser payment which is at least…
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Monday April 12 2010 From Dave Rosenberg, 4/12/10 One reason why interest rates cannot rise is because if they do, there will never be a sustained improvement in the pace of economic activity. Housing is the classic leading indicator, and the most interest-sensitive sector, and until it revives, it seems highly unlikely that bond yields…
Professor Elam 