Monday May 13 2013
ACCT 3312 students have difficulty grasping just what a bond does and just how accountng for stocks operates. Interestingly there is yet another movie version of Gatsby out, which has received poor reviews by Joe Morgenstern in the WSJ and elsewhere. In this version Toby Maquire plays Nick Carraway the narrator. Recall from the book that Nick had come to New York to learn the Bond Market, though that is about all the coverage bonds got in Fitzgerald's book.
In Bonfire of the Vanities, Tom Hanks is portrayed by Tom Wolf as a Master of the Universe, he is a successful bond trader.
But the best way to learn about bonds is by reading on the credit markets everyday. We will be requiring a subscription to the WSJ so students can do just that.
Here is an article from Bloomberg on bond prices falling with the rising dollar. Understanding these concepts is key to understanding rather then memorizing accounting solutions to bond reporting.
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