Well it is time to restart our engines.
It has been a while. Texas went great. Really got a great deal done. I would encourage others to go volunteer in the area. It may set your pocket book back a bit, but well worth the price. You will help others.
Ok, so fast recap. When classes ended the Dow was at about 8500 it rose to a bit over 9,000 at the start of the year and is now down to about 8200 (down a bit more than 3% since our last class).
In other news, while the speed and surprise of financial difficulties may have abated, financial firms are not out of the woods yet. Recently the Royal Bank of Scotland announced major losses and the need for a cash infusion from the Bank of England. (interestingly RBS was a frequently studied case study in my finance classes in past years for the agressive takeovers.).
As soon as I get my last syllabus in, we can get back to regular blogging. See you soon!
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