CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, November 12, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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10 Comments:
Dude, you suck. Your halfass analysis is getting tiresome. Bud is being acquired. InBev announced acquisition months before this financial panic began. They have been in talks since 2007. The money is already allocated. They're waiting on regulator & shareholder approvals.
http://biz.yahoo.com/prnews/081112/ny45689.html?.v=1
The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead ...
"I think it would be worse than the depression," Whitehead said. "We're talking about reducing the credit of the United States of America, which is the backbone of the economic system. ... I see nothing but large increases in the deficit, all of which are serving to decrease the credit standing of America. ... I just want to get people thinking about this, and to realize this is a road to disaster. I've always been a positive person and optimistic, but I don't see a solution here."
I'll drink to that. This Buds for you.
There are still opportunities out there for those who can see them.
"Dude, you suck. Your halfass analysis is getting tiresome."
What a potty mouth. The post is a simple statement of fact that most would find an amusing juxtaposition.
You need anger management counselling, my friend.
No, it's misleading at best.
Bud and the dow were trading along as normal. Inbev rumored to buy bud. Bud drifts up 10%, dow drifts down 10% (look at chart). Inbev & bud deal gets announced. Inbev buys bud at a premium (as you'd have to expect). Bud price goes up to offer price and hangs near there (as it is now) until everyone is onboard. Meanwhile, the dow tumbles in panic, etc. It has NOTHING to do with the fundamental idea that he espouses about "Beer & beans" or consumer staples safe haven, etc.
LOOK! http://finance.yahoo.com/echarts?s=TAP#chart2:symbol=tap;range=6m;compare=^dji;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Beer sucks just like everything else in a PANIC Liquidity crisis!
UNLESS your beer company is being bought out by a foreign company with cash, as is the case with inbev.
LIke I said, this is the 3rd post of this guy that is bad. bad data bad inference. I don't know what he's trying to pull?
Potty mouth,
Nobody forces you to visit this blog. You can cruise along the secular-socialist blogs and worship your messiah-savior Barack Hussein Obama (SS-Il).
We are doing just fine without you. :)
My point is...
BEER sucks just as bad as anything else in a liquidity squeeze panic market!
BUD is a buyout planned LONG ago by a foreign brewer.
So, his data looks interesting but it is IRRELEVANT to the point he's trying to prove.
Look at how all the other brewers are doing (BAD!).
I think he's trying to be funny... you guys take life a little too seriously.
Thank you Anonymous 4:36 a.m.!!
nice post
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