Professor Elam
Accounting & Investing Info for San Antonio A & M
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From the NY Times "In Bad Times, Moviegoers turn to Singing and Sawing" The second surprise at the weekend box office was the strength of an escapist film at the opposite thematic extreme: "Saw V" sold an estimated $30.5 million in tickets at North American theaters, according to the tracking firm Media by Numbers. The…
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Markets sawing from over to undervaluation. I heard some naive 'expert' tell people just last week that they could 'buy' real estate at a 15% discount to market value, a great deal. Well what you pay is market value at the time, the question is, what will market value be in the future? Value, or…
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It is said that it takes an entire generation to have another crash. And it has been a Fibonacci 21 gnerational years since 1987. Former Wall Street employees are leaving NYC in droves. And thus it has always been. While Wall Street frims preach buy low sell high, they themselves do exactly the oppostite. Much of this…
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I have been reading Suzann's Somers latest book at left. While you may know Suzanne as tthe star of a popular tv show, okay back in the 1970s, she is these days an accomplished author, this is her 18th book most of them on health, nutrition, and attaining hormonal balance. Hre are a few…
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Lackland AFB has started a vet hospital for combat dogs wounded in action. By the way, there will soon be a 900,000 sf addition to Brook Army Medical Center, that will help in soaking up some of the vacant houses in town. Nice to be reminded of all the good tah happens in San Antonio.
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B/W reports aht lay offs should start any time with the huge US slowdown. Look for unemployment and then crime to rise.
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The Boeing Strike is literally costing the US Production. The strikers do not want work outsourced outside the US or for that matter to any non union area. Good Luck. Everyone is losing here. This is also an example of a union trying to hold on to a defined benefit plan, they are on the way…
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I cannot find a link but the front page of the SA Express News on Sunday carried a long story about Henry Cisneros involvement with KB, Countrywide, various affiliates, skirting the story of how he made millions, and left us with, Lago Vista. Lago Vista is on Zarzamora between the Loop 410 and I 35.…
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Noted economist and erstwhile Hollywood actor Ben Stein offers up the most succint explanation of just how things went wrong and why the stock market crashed. He believes that the government will solve this problem by magically making the trillions of Credit Default Swaps go away. I don't. The only way for this problem to be…
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My friend Terry Box writes the auto column for the Dallas Morning News. This week he wrote about a $79,000 modified Mustang, admitting that he could not understand the high price for the 500GTKR. Terry has provided an excellent management accounting example, let's analyze this. I think I see the problem, indeed this car may be a classic…