Please remind me to show a graphy of the oil prices in class Tuesday. There is nothing difficult to predict here, the weekly chart of oil prices has turned down.  Oil prices have turned down simply because demand has turned down.  A student mentioned a few months back that now she was using net flicks…

In commenting on your papers about regulation and stimulation, I mentioned the Panic of 1907.  Click here to read a summary of the book as well as view  a short video. The authors describe the time errily similar to today, one hundred years later. I have not read this one yet but it looks like…

We are now studying Total Quality Management ala Dr. Deming.  As you can read, it is the story of the rise of the entire Japanese post WW II economy. Well, still, the business cycle has not been repealed. Japan backslides, losing economic powerhouse status.   This article details how Japan now ranks 20th in GDP…

Click here for information on a DFW instructor led CMA review course.  I would mention that you can eliminate various features such as the audio CDs and cut the cost of materials.  The cost of the CMA exam is considerably less than the CPA exam, and it only requires a Bachelor degree  not 150 hours. …

comWe study accounting to better understand the world of business.  Now takeover hedge fund MSFT has offered cash for YHOO.  It just hit me that MSFT is as much a hedge fund as anything else. From the day it bought the software from Seattle Computing for $50 K that would become MSFT DOS to this…

Where Else but California?  One of my recent posts listed California as one of the top states in the USA for repossessed homes. Well, nothing like a good start up, yep in San Diego you can call the Repo Express. Realtors have organized bus tours of repossessed properties. The tour takes one on an inspection…

I have enjoyed reading your papers on the stimulation and regulation issue. My overall reaction is that most of you do not seem to embrace any consistent form of econolmic philosophy. In the same sentence you may come out for fiddling with interest rates, extending unemployment and other social programs and lowering taxes along with…

Most would say that one person is pressed to make a difference in a large organization.  Well, as Societe General is learning, that is not always the case. One rogue trader has proven that theory incorrect.  While this article disputes Kerviel’s claim that the Bank would look the other way when I was profitable, my…

Walter Williams weighs in on the stimulus package.   Are you familiar with Dr. Williams?Learn more about him at his website. I put a link to Tom sowell’s column a couple of posts back. Togethter these two profs represent pretty claer economic thinking, a rarity in that discipline. If you are looking for a book…

Here is an article explaining the Fair Tax.   Accountants have been all too silent on tax issues.  It does not appear that Huckabee, the only candidate embracing the idea, is getting a lot of traction but at least he has floated the idea. Do you think the current tax sytem is a good idea?…