Thursday Oct 2 2014 I suspect the final lows for this first move down lie ahead into next week. But yesterday we had a fitting item to celebrate what Joe Granville called the orthodox low of the 2008 meltdown. He noted that the largest number of new lows occurred in October 2008. And yesterday ona…

Wed Sept 30 2014 Ford issued a profit pullback wrarning. Rather than $7-8 billion pre tax profit, now Ford sees $6 billion. Hmm, profits affect stock prices after all!  That explains why there are so many rules on how we report profits, and earnings per share, Observers are remarking that global companies are just starting…

Tuesday Sept 23 2014 Iron ore futures continue to fall in price. It appears to me that this is par of a world wide deflationary trend. Check out  http://www.themarketperspective  for more on the falling CRB indes, oil, gold, and silver prices. As I keep saying in class, accounting is much more than debits and credits today.…

Sept 18, 2014 Four accounting students accompanied me to the regular monthly meeting of San Antonio Institute of Internal Auditors.  From left to right that is Beatrice Therwhanger, Pauline Glenn, Catherine Spillar, and Justin Mire.                The program was on a management theory that struck me as a sort…

Thursday Sept 18 2014 Instead of helping big banks, the FED for the same cost could have given every family in America $56,000.  Simplest is bestest.

Wed Sept 17 2014 Last week I suggested that we should expand out world by venturing to some of the cultural features of San Antonio. We have no lack of fine museums, historic sites like the Missions just west of Brooks Campus and multiple theaters with live productios. That effort netted exactly one response and…

Tuesday Sept 16, 2014 I do not normally use this space to discuss class but will do so today.  Your failure to plan does not constitute an automatic emergency on my part What is the relationship of the War of 1812 to attending TAMUSA as an accounting student? The War of 1812 was between Britain…

Tuesday Sept 16 2014 What did you do this morning, to get ready for school that is? This past weekend I summarized the markets, the results are here at  http://www.themarketperspective.com This morning I checked the markets, looks like a down opening again, as well as several accounting e mails I receive from various sources. Next…

Monday Sept  15 2014 One of my research interestes revolves around socionomics, the idea that social mood determines the course of society. Considerr this quote from the Editor of  the WSJ Monthly Magazine. It appeared this weekend. It's no wonder our cover subject Pharrell Williams made a hit song called Happy, the pop star is…

Monday Sept 15 2014 Here is another in my series of there is no magic accounting setting series. This is a five minute time lapse illustrating an artist drawing a portrait of Robin Williams.  It took her over 24 hours to complete however. Once again there is no easy way to success. It takes time…