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I'm hoping SMU manages their assets well, because I know they have consultants to tell them the best portfolio managers and how to allocate their assets. With all this distress I might be necessary to look into long term bonds with decent coupon rates and high dividend funds. Because if they havent been doing a good job on allocating we could be hit hard. I remember someone telling me that Harvard was building a huge science school and they had all their assets allocated to give them decent returns to fund the project then late 08 happened and they had to cancel the project. These are dark times, its going to take the nation to wake up and get to work rather than living off government support (welfare, subsidies, unnecessary employment). People need to stop occupying parks and occupy their workspace and get to work. Sitting around crying about the 1% go out and try to be the 1% and when you get there change it. Going out and demanding the government to take away the 1% rights and liberties is dangerous and stupid.

Stick with your day job, and don't always buy what your MBA finance professor is selling. He probably doesn't know anything you can't read in a book.

Do you know how to starve an Obama supporter? Hide his foodstamps under his workshoes.

GO PONIES!!!

Women's golf. Bush Library. Since I live in DC area, all I hear is political rhetoric, and this is my place away from all of that. Suffice it to say, that Keynsian economics and Friedman economics both leave a lot to be desired. I will say this, though, DC was thought to be recession proof, but look at housing prices especially in the $1M plus market and they are tumbling. So, if the rich are that well off why is that market getting whacked so hard? Part of the reason is that the WWII generation is dying off and there's a glut of houses that were bought for $100,000 30 years ago which are now $1M houses. There is a global meltdown going on which impacts us. There were mistakes made in the early 2000's which fueled this situation. In reality we are moving back to true value not inflated values and that's a painful process. The key problem is in our manufacturing sector, those jobs are gone and they are not coming back and the middle class doesn't have the skills except to work for $7.50/hr. at Walmart. We need to look at what we can do to rebuild the middle class. If someone figures that one out, that person would win the presidency. Make work jobs end when the contract ends. We need to find new industries which will fuel American employment into the mid 21st Century. Now that would be a thread worth reading.

ES- well stated. Agree completely.

GO PONIES!!!

NY Pony wrote:If it gets bad SMU only stands to gain.

We are the 1%!

Gain what? Smu Has lots of exposure to students loans And pushes loans on way over 50% of students...we are part of the problem


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Labor Unions are to have some of the blame. The financial constraints they put on manufacturing companies are why they depart. Learning about Defined Benefit Plans (not the only issue) is a ridiculous amount of money that companies must stow away per Unions demands. These plans are beyond billions and the company cant touch their own money because once they have put it in the trust its the Unions to keep.

The greatest generation dying out is the sadest thing. They were hardworkers, never spend lavishly, realistic about all situation, its just depressing. Now we our old (elder) generation is the one with all the first round hippies. The ones that believe the government should fund their ways of living. Social security was never meant to be a retirement plany, it was only meant for people who needed it and used it as a supplement. Since this culture change, where people who work hard have to pay huge dividends to people who dont work is killing us. People are going around blaming people for being successful is plain stupidity and laziness. As we have seen big companies outsourced, you will most likely see the 1% doing as well. Then all of our capital just flew out the door because of this flithy culture of moral decadence.

However the only thing I can say is CEOs, Hollywood, etc shouldnt be paid at such a high bill. There really should be some cutoff that society can tolerate. I know we are putting limits on capitalism, but to an extent nobody should have or more than a billion dollars. They should remove the huge liabilites that CEOs have to sign into, but by doing that remove their huge salary wages. Hollywood stars complain about the rich, well they should take a pay cut, donate all of it, ask the IRS to take more, but they dont. They might donate but its not close to what they are asking others to lose.

I also blame labor unions and Hollywood stars.

Are football ticket prices and the college sports arms race similar to the for-profit college bubble?

tristatecoog wrote:I also blame labor unions and Hollywood stars.

Are football ticket prices and the college sports arms race similar to the for-profit college bubble?

Season tickets, suites (all big bucks tickets) for schools in SEC, PAC, ACC, Big12, Big 10 : Should be taxed to make it fair to everyone else. Makes the smaller schools and conference have more demand.

I ran some numbers not too long ago. The government could sell off a miniscule fraction of its gold reserves and pay off the entire national debt. Same thing true re the government's real estate holdings.

Kynd Tulsa Phan wrote:There is no crisis and there is no systemic risk to the US economy.

This is not 2008 not even close. Bank earnings are strong and loan losses are dropping.

This is a cash sitting on the sidelines issues. No one wants to invest capital because of the political environment. This will be settled when Comrade is pushed out of office next year.

Equities are cheap, companies have delevered and inventories are low.

The next global capital market lockup is coming and consumers, businesses and governments are illiquid and poorly prepared for it. Much more debt now and less liquidity now than in 2009 during the last freeze up. Just because everyone I know has a $100 million fund ready to invest doesn't mean that's more than enough to pick pieces off the ground to start over. US banks have massive exposure to European sovereigns via CDSs. When Japan can no longer self fund, things will get really interesting. Universities will get hammered. SMU will be in relatively good shape compared to state schools.

Well said, Alaric.

Yahoo news called. It wants all the political comments back on its articles.

Sadly Obama will get reelected. No R's worth a damn.

Dutch wrote:

smupony94 wrote:Dutch has been pointing rid out for months

NostraDutchus

A