Today Delta asked 30,000 employees to voluntarily leave. Citing the need to cut costs, DAL ad UAL also are cutting back the size of their fleets.  Most of these workers are fixed costs, letting them go lowers the fixed cost line in the CVP chart, something we study in Cost Accounting. The firm will spend…

Here is a good explanation of how currencies find their value. I have made the point that the FED needs to defend the dollar which would bring confidence in buying assets such as foreign buyers purchasing homes here dumping the dollar to create more dollars is false economy we will learn how much more the…

Dallas City Council may be forced to ‘idle’ red light cameras.   Because they are too effective and therefore not generating enough revenue…only in government. Here is a classic government cost volume profit fiasco.  Now so many people are obeying the stop lights at camera monitored intersections, the projected revenue is not what is was…

For those wishing to keep up with fast breaking market news I suggest www.marketwatch.com .finance.yahoo.com http://online.wsj.com/ www.bloomberg.com www.realclearmarkets.com http://www.reuters.com/finance

Now Bush is being compared to Herbert Hoover.   The initial reaction to the crash of 1929 was to assure everyone that it was not as bad as the media portrayed it to be. What was that crash all about anyway? Back then banks were involved in the securities business.  Eventually the Glass Stegall Act…

Here is a blow by blow account of what happened this weekend.   This is history in the making folks, read this article and remember it the rest of your life. A brokerage firm like Bear Stearns BSC or a bank is nothing but a pile of IOUs and promises. When the promise cannot be…

On March 6 in Intermed II I repeated a presentation I did for DeSoto Rotary.  I showed how the stock market rally since 9/11 was ilusory, in Euro terms it has been much less than the run up to March 2000.  And we presented the turn towards dark themes of pop culture as shown by…

Let’s see that makes Thornburg TMA, Carlyle listed in Amsterdam, and now J P Morgan buys Bear Stearns. For $2.  Mind you I noted in class that these companies are still trading for much higher multiples than they deserve. And BSC dropped $27 one day this past week.  This is of course not a buy…

In JanuaryFortune interviewed Rogers in his Manhattan townhouse. In February Fortune updated his thoughts on commodities. Rogers has written four books, check it out on Amazon.com. Investment biker, Adventure Capitalist, Hot Commodities, A Bull in China He recorded his Adventure Capitalist travels at http://www.jimrogers.com.

Jim Rogers never pulls back and only works for himself.  He has sold his NYC townhouse and moved to Singapore to be closer to the developing economies of the world.  Click on the hyperlink and read his latest thoughts on the markets, it certainly follows what I have ponited out in class. Like Jim I…