Monday Aug 31 2020 Bankruptcies continue in the oil patch. Will big oil learn from big coal?

Thursday July 30 2020 Nassim Taleb created the Black Swan Theory of Randomness. From wikipedia The theory was developed by Nassim Nicholas Taleb to explain: The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology. The non-computability of the probability of the…

Wed July 29 2020 Wed July  29 2020 The US is now at a  1.7 replacement rate in new births,, so population creation is declining. This is true for most western countries. This makes for a smaller economy but cheers to the climate change group, less pollution. https://www.bloombergquint.com/businessweek/coronavirus-pandemic-americans-aren-t-making-babies-in-crisis Even though the  2009 crisis is ten…

Wed July 29  2020 Yesterday, the Trump administration announced it’s giving Eastman Kodak a $765 million loan to manufacture pharmaceutical ingredients at a pair of plants in New York and Minnesota.  Yep…that Kodak. Once a cutting-edge tech company with 145,000 employees, Kodak struggled after digital cameras usurped its film business. After filing for bankruptcy in…

Wed July 15 2020 We are studying Total Quality Management in Acct 3314. Dr. Edward Deming is regarded as the founder of TQM. He conducted a week long seminar on his methods. Mary Walton attended and wrote her imppressions in this book. A paper back used is available for a mere $3.15 plus ship.  I…

Friday July 10 2020 As you may be aware, the Dobson (sp) family sold the beloved Whataburger franchise to OMG some outfit   in Chicago. One would think Chicago bought it for what it is. How silly. Of course the Chicago, has anyone in Chicago ever been to Texas?, outfit has immediately set about changing what…

Despite a recent runup in stock prices for large, mainly tech-based stocks, there is continued carnage beneath the surface of indices. The five largest stocks make up over 20 percent of the S&P, the highest level in decades, and their combined worth is equal to the bottom 350 companies in the S&P combined. While the…

Thursday April 9 2020 Mark Goldman is he CEO of MGR Accounting Recruiters. MGR works with experienced CPAs seeking higher level jobs. And firms seeking those individuals. 168.1: CareerTalk – Be Valuable Mark has a series of shorter career tips for accounting professionals. I am listening to his first as I write  this post.  

Tuesday March 10 2020 The giddy atmosphere of more jobs than people to fill them has led to some of the lowest unemployment numbers ever. But I believe Feb 12 2020 was the end of the bull market which began in  1982. The stock market typically leads the economy by about nine moths. So the…

Friday march 6 2020 The Bear Emerges Has the Financial Bubble Popped? There is no sign of a technical bottom in oil. Last Week’s Column Friday March 6, 2020 7:30 AM CST Our discussion about early warning signs from a weakening Energy Service Sector, the XES, have now come true. Consider how quickly these two…