Claremont McKenna's downgraded bond rating mentioned in Inside Higher Education. Have a look, won't you to see how much more costly all of Gann's new spending will be.
Thursday, December 10, 2009
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25 comments:
God, Charles, at least look up what a bond rating IS before you attack CMC. Did you notice every upgrade listed in the article is STILL lower than CMC's rating?
http://www.bondsonline.com/asp/research/bondratings.asp
if you even knew what a bond rating meant for a college, you'd realize that this doesn't mean anything for cmc. you forget that you go to a college filled with econ-finance majors who actually know what they're talking about
I know what a bond rating is and yes, we've been downgraded. Not by much, but we aren't as high as we once were. Is it the end of the world? No. Should we watch it? Yes.
lol charles johnson is making a habit of getting owned when he opens his mouth about anything econ or finance.
How was I owned? CMC's bond rating was downgraded, was it not? What's so hard to understand?
It was downgraded in like January man... do you even know why it was downgraded (hint: it has something to do with our endowment)? It's really meaningless. When it comes to finance or economics, your writing is consistently very very weak.
I wrote about it at the time when it was downgraded. http://www.claremontconservative.com/2009_06_01_archive.html.
I don't ever write on finance and very rarely write on econ! Read the blog more before you reveal your ignorance.
"Have a look, won't you to see how much more costly all of Gann's new spending will be."
How is a bond downgrade from six months ago costly? And how is that even related to her spending? Do you have any idea what causes a bond downgrade? Talk about ignorance...
Assuming she borrows any money. The reason our bond was downgraded was due to investments in the endowment. Gann probably tried to turbo charge the investing in order to cover some of the extravagant things that Pam Gann wanted to buy, which was why we lost a lot more in our endowment than Pomona did.
Lol basically charles is trying to say that Pam Gann is a 'big government tax and spend liberal'. He will use any facts, however unrelated, to support his argument.
He needs a lesson in "correlation doesnt imply causation"
Um.. no. That wasn't the argument at all. Can you read? I was making an argument related to her investment strategy based upon the direction she wants to take the school.
Have a look, won't you to see how much more costly all of Gann's new spending will be"
Umm...is it just me or is the world 'investment' not present here?
SPENDING has nothing to do with a BOND RATING. Bond rating is a judgement on the value of the assets.
For the sake of argument, let's say that you are questioning her "investment strategy". Tell me one college whose endowment didn't fall. For your own reputation, shut your trap.
Some fell more than others. It has to do with conservative budgeting or not conservative budgeting. The two issues are connected.
Gann's spending to investment strategy (what investment strategy?) to 'conservative budgeting or not conservative budgeting.'
are you confused or stupid, or both?
And anonymous 3 is right. Stick to character assassinations. Econ is way above your league.
also, budgeting, conservative or not conservative, has nothing to do with investing for an endowment portfolio.
Do you think Gann makes the investment decisions? Don't you realize that that would be a job of full time investment analysts?
There is a difference between budgeting for day to day expenses of the college, and money going toward large-long term investments!
Holy shit, it looks like this guy needs to take econ 50 again!
"I don't ever write on finance and very rarely write on econ"
Looks like someone is playing the ignorance card to defend his obvious lack of grey cells.
The college is operating under structural deficits, which are directly related to how much money the college is spending. Rather than trim some of the fat from that budget, Gann continues to spend. Hence the reason we're soon to have Summer school at this college. They need the money.
The decline in the endowment is related to our bond ratings, just as it was when Dartmouth was downgraded. (http://chronicle.com/article/Dartmouth-College-Its-Bond/47641)
As for the IQ stuff, I'm not bragging. It's truth in advertising. You can see my birth certificate, too, if you want.
"The college is operating under structural deficits, which are directly related to how much money the college is spending. Rather than trim some of the fat from that budget, Gann continues to spend. "
Arrr, that's right Chuckie Jo. We can't spend our way out of these structural deficits. What we need are tax cuts. Gann must cut spending and give more money back to students. Her reckless spending, dumb investment strategy, and conservative or not conservative budgeting have destroyed this once great college.
I also oppose Gann's healthcare, environmental, and war policy.
"which was why we lost a lot more in our endowment than Pomona did."
That's blatantly false. Pomona's fell more, both as a percentage of their total and an absolute amount.
Anyway, I think you've been sufficiently owned and shut down in this comment thread.
"Anyway, I think you've been sufficiently owned and shut down in this comment thread."
I'm afraid Charles is persistently stupid.
Also, "Gann probably tried to turbo charge the investing in order to cover some of the extravagant things that Pam Gann wanted to buy"
wha? I agree with anonymous above -- stick to vitriolic hate posts. Too bad for you people at CMC actually study economics!
Charles, no comment? Do you admit you were wrong? Or is all this econtalk flying above your head?
Or are we all leftwing nuts activated by Gann to attack you?
Which one is it? Surely your 150+ IQ can figure this one out.
When people want to talk ideas, rather than attack me, I'd be obliged to talk. Until then, study, study, study.
As for the IQ stuff, I'm not bragging. It's truth in advertising. You can see my birth certificate, too, if you want.
Lets see it, Charles. What do you have to hide?
Lets not make stuff up. CJ's self proclaimed IQ is 143 not 150. And the test wasn't administered by a doctor.
"When people want to talk ideas, rather than attack me,"
No one is attacking you for your stupidity. They're attacking your stupidity.
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