Dr. David Vang

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  www.startribune.com/business/52707227.html?elr=KArks:DC - [Cached Version]
  Published on: 8/7/2009    Last Visited: 8/8/2009  

  "This is one more incident of Minnesota taxpayers paying more into the federal system than we're getting back in benefits," said David Vang, chairman of the Finance Department at the University of St. Thomas.
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  "Imagine having a business partner who has the power to do anything from print money to call out the military," said Vang, at the University of St. Thomas.

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  www.startribune.com/business/51526612.html?elr=KArksLck - [Cached Version]
  Published on: 7/23/2009    Last Visited: 7/24/2009  

  "I'm sure the people inside of 3M are probably trying to tamp down expectations a little bit," said Dave Vang, chairman of the finance department at the University of St. Thomas business college. But by exceeding quarterly expectations, Vang said, "the market takes that as a signal that you're going to hit your long-term goals."

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  nashville.bizjournals.com/nashville/othercities/twincit - [Cached Version]
  Published on: 2/20/2009    Last Visited: 2/25/2009  

  Lending primarily to the nonprofit community is probably not a wise business model for a bank, said David Vang, professor and chairman of the finance department at the University of St. Thomas.
  
  "A lot of nonprofits have experienced declines in their endowments, but even before the financial crisis, they're automatically risky institutions to a borrower because there are no owners to do recourse against, and if it's a service organization, there might not be physical assets," Vang said.

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  wcco.com/business/dow.industrials.low.2.948650.html - [Cached Version]
  Published on: 3/3/2009    Last Visited: 3/3/2009  

  Professor David Vang chairs the Finance Department at the University of St. Thomas' Opus College of Business. He said breaking through the Dow's 7,000 benchmark really doesn't affect the psyche of active traders.
  
  However, Vang believes, "where it does have an impact would be in that segment of the population that isn't or doesn't want to read about their 401(k) every single day. This gives them a sort of mass media knock-on-the-head that, 'Oops, things have gone down quite a bit and I better see what's happened.'"
  
  When asked if there are any signs of a bottom to the market, Vang said that's tough to predict. He points out that most recessions, historically, last an average of about 18 months.
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  Vang believes it has to do with deals that were simply, irresistible
  
  "In this particular case, I suppose, the story could be that because of so many months in a row of negative numbers that there's probably such buying opportunities out there that some consumers have decided we have to buy now because this is now a great deal," he said.
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  However, Vang thinks the slight rise in the ISM is a reflection of low inventories.
  
  "So there might have been some increase of replenishing inventory supplies that probably resulted in this immediate blip," he said.

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  www.kare11.com/news/news_article.aspx?storyid=824465&ca - [Cached Version]
  Published on: 9/16/2009    Last Visited: 9/16/2009  

  "I would expect interest rates to go up at some point," said Dr. David Vang of St. Thomas University. "I'm not sure when, but probably in a year or two were going to see some concern about interest rates."
  
  In the government's attempt to prevent a deep recession, taxpayers doled out billions.
  
  Vang says, if nothing is done, the dispersal of that much money can catch up with you.
  
  Once the economy begins to grow, the Federal Reserve will have to switch gears and flip another switch.
  
  "And try to cut back on the money supply and keep inflation from happening," said Vang.

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  wcco.com/local/scsu.job.search.2.1089058.html - [Cached Version]
  Published on: 7/17/2009    Last Visited: 7/17/2009  

  Our unemployment rate is lower than the national average, which of course is no consolation to those people who are unemployed, but it does show Minnesota's economy is stronger than everybody else," said Dr. David Vang of the University of St. Thomas.

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  southflorida.bizjournals.com/southflorida/othercities/t - [Cached Version]
  Published on: 7/10/2009    Last Visited: 7/13/2009  

  Although the S&L is not under the two cease-and-desist orders at the same time, having two regulatory actions against it in one year is not good, said David Vang, chairman of the finance department at the University of St. Thomas. "That's unique.
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  Raising capital for banks is difficult because outside investors are skeptical, and trying to squeeze capital out of current assets means less lending, Vang said.
  
  "You have to convince [investors] that brighter times are ahead, but most investors think the low market is going to be low for awhile. And if you try to shore up capital internally, you're not issuing too many new loans," he said.
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  Merger partners also can be skeptical when it comes to a bank or S&L with questionable capitalization ratios, Vang said. "It doesn't seem like there's a lot of voluntary merger activity going on right now. A lot of banks are close to their capital minimums anyway, and taking on a partner that's short on capital can lower their levels."
  
  That means for a merger or acquisition to take place, regulators most likely have to orchestrate it.
  
  "I think behind-the-scenes strong-arming is possible," Vang said, adding that legally, regulators can't force a merger, but if they really want it to happen, they'll make it happen.

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  www.kare11.com/news/news_article.aspx?storyid=527428&ca - [Cached Version]
  Published on: 10/22/2008    Last Visited: 10/22/2008  

  Dr. David Vang, a professor at the University of St. Thomas, says one key reason for the high food prices is the uncertainty the prices at the pump are here to stay. "A lot of transportation firms are still worried about whether the price of fuel is going to stay low. So they're keeping their transportation prices for customers high," Vang said. But, he added, ethanol programs that have displaced other crops has also increased prices. Beyond that, he says, even the relatively weak dollar has played a role by promoting exports. "Which is great for farmers because they can export a lot. But on the other hand, it causes agricultural prices to be high, historically," he said. But there's hope for those holding out for a break... Vang says competition will eventually return to the literal market. "At some point, one of the companies will say, 'if I cut my prices and everybody keeps theirs high, then I get more out of the market share.' Eventually it plays out," he said. As for when you can expect that relief -- Vang says it will likely happen within the next six months, barring any sort of calamity or crisis that could send the price of oil soaring again.

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  www.kare11.com/news/news_article.aspx?storyid=525420&ca - [Cached Version]
  Published on: 9/26/2008    Last Visited: 9/26/2008  

  "Whatever bailout program is going to be enacted, it's going to be unfair to somebody, someplace," said David Vang, chair of the finance department at the University of St. Thomas.
  
  Polls say two-thirds of Americans don't like the idea of bailing out Wall Street, though both political parties say the rescue package is necessary to stop the economy from falling into a deep recession.
  
  "It's kind of like visualizing a river that's getting plugged, and the government is kind of buying the sledge and is going to introduce it into the river later," Vang said, describing the task before Congress.
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  David Vang says it will take more than all of this rescue money for the bad behavior to end.
  
  "We may have to have some stricter regulations in the long term," he said.

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  www.startribune.com/lifestyle/homegarden/24068679.html? - [Cached Version]
  Published on: 7/11/2008    Last Visited: 7/11/2008  

  Dave Vang, chairman of the Finance Department at the University of St. Thomas, hasn't seen any data, "but it makes sense," he said.

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