HDTenEightyP/NetNews huggingface dataset:
From: pub@riscee.pko.dec.com (Publius)
Newsgroups: misc.invest
Subject: Re: Printing money
Date: 3 Sep 92 20:07:30 GMT
Organization: Digital Equipment Corporation, Maynard MA

In article <18880@polstra.UUCP> larryba@polstra.UUCP (Larry Barello) writes:
>
>What about the money that I deposit, that then gets loaned to a developer
>who pays wages that get deposited that get loaned...  Is each loan, or 
>turn of the wheel "new money"?  Isn;t bank regulations one of the techiques
>used to control the money supply?

Yes, this is one of the three ways that the Fed can control the money
supply.  Your bank is not allowed to loan out every dollar you deposit.
There is something called reserve requirement, set by the Fed, to limit
the 'money multiplier'.  But the dollar beyond our border, Euro dollar
for example, is not subject to this regulation.

The other two ways that the Fed can control the money supply are
the discount window and the open market operation.  

>So there are several ways to control the amount of blips in the world, 
>but just how does a goverment "print" new money, thus causing inflation
>to occur?

Not necessarily!  The Fed "prints" new money by easing credit, and thus
create more debt.  It might be "inflationary" for the short term, but
is certainly deflationary for the long term.


Regards,
-- 
-- Publius
Disclaimer: These opinions are mine, all mine, mine alone.
Newsgroups: misc.invest,rec.autos
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: sales tax rebate?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Wed, 26 Aug 1992 16:40:26 GMT


In article <183228@pyramid.pyramid.com>, lstowell@pyrnova.mis.pyramid.com (Lon Stowell) writes:
>   o  This is a JOKE, right?
>
>   o  You've never shaken hands with a politician and had the
>      urge to count your fingers afterwards?
>
>   o  You believe in the tooth fairy?

Yea, so many of us were "Reading his lips" and forgot to watch
his hands.  I will bet 100 to 1, tax rates are going up after
the election, no matter who wins.  The only way to pay less tax
is to go unemployed and many of us are heading that way.  *sigh*
Newsgroups: misc.invest
From: tony2@prefect.uucp (21131-gozdz)
Subject: Bankers Trust scandal; Was Re: Fidelity Growth Co. Fund
Organization: Bellcore, Livingston, NJ
Date: Thu, 27 Aug 92 20:01:37 GMT

In article <1992Aug27.185202.22255@cs.brown.edu> jhc@iris.brown.edu.UUCP (James H. Coombs) writes:
                       [suff deleted]

>market+economic forecasts.  Consider also the faith that one must put
>into GAAP, accountants, etc., which faith seems often misplaced
>(consider the developing Banker's Trust scandal).
>
>--Jim

Haven't had time to read newspapers this week;
what Bankers Trust scandal? (they administer my 401(k)

Tony
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 29 Aug 92 14:36 PDT
Subject: New? trading system
Nf-ID: #N:cdp:1426500250:000:585
Nf-From: cdp.UUCP!mcaldon    Aug 29 14:36:00 1992


Anybody else read the half-page of fine print in IBD, Aug 31., touting
a trading system based on the hoary Martingale gambling algorithm? Was
it as full of loony logic as a campaign speech or am I just stupid?  BTW
I don't deny the possibility of yes answers to both questions. DMcKenzie.
                           
|                        |     "Nobody ever went broke from     |    
|    mcaldon@igc.org     |   underestimating the intelligence   |
|                        | of the American public."  HL Mencken |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: shaver@oasys.dt.navy.mil (Bryan Shaver)
Newsgroups: misc.invest
Subject: Re: farmland as an investment
Date: 27 Aug 92 16:24:16 GMT
Reply-To: shaver@oasys.dt.navy.mil (Bryan Shaver)
Organization: Carderock Division, NSWC, Bethesda, MD

In misc.invest, msjohnso@qa1.WichitaKS.NCR.COM (Mark Johnson) writes:
>>>With all these gloom and doom news, I have been thinking to buy
>>>some farm land for real long term investment (well, more like
>>>insurance against total economy collapse).  My reasoning is that,
>>>when all fail, i.e. FDIC, U.S. bills/notes/bonds all go bankrupt,
>>>I can go back to my couple hundred acrs of good farmland and raise
>>>crops, wait till the total Depression is over.
>
>Obviously you haven't looked at the cost of running a farm lately.
>Tractor fuel, whether gas or diesel, is around $1 a gallon, even without
>road taxes. Fertilizer is $200-$300 or more per ton, depending on which
>nutrients you're buying. Equipment is horribly expensive, unless you're a
>genius mechanic and can make old, beat-up, farm-auction equipment do the
>job for you.
>
>My father has run a more or less shoestring operation on the farm (2 farms
>totaling 600 acres, of which about 350-400 is tillable acreage), and hasn't
>really made a dime at it since the late 1970's. Of course, the IRS accounting
>methods always show a taxable profit, but figured against the time required
>to earn it, it's been a poor living. This explains why I'm not down on the
>farm myself.
>
>If you intend to just subsist to wait out a depression, buy about 30-40
>acres, firearms and lots of ammunition. 200 acres is far more than is
>needed (or manageable) for subsistence living, and far less than is required
>to make a commercial success, in conventional crops.  In specialty crops,
>such as spearmint or high-dollar vegetables, it's possible to make it.




But I doubt there will be much demand in the Depression!


























$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

"An Investment in Knowledge Pays the Best Interest"
						    - Benjamin Franklin

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Mon, 24 Aug 1992 16:17:27 GMT
Subject: Re: Re: Nikki (up or down?)
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, tucker@shiva.edsg.hac.com (George Tucker) writes:

>Japan is a primitive feudal society that struck it rich, not much different
>from various sheikdoms closer to the equator.  They are the major environmental

Japan is a democracy, and it does not use feudalism in any form.  "Primitive"
could be argued either way, and is a matter of definition, of course.  

I feel that "struck it rich" is incorrect, since they did not do well from
chance like the oil shiekdoms did.

BDR
From: jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH)
Newsgroups: misc.invest
Subject: Re: need details on devaluating U.S. currency
Date: 4 Sep 92 03:02:08 GMT
Organization: Lehigh University

cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:

[responding to:]

>>  2) When was the last time the dollar was officially devaluated? Was it
>>     in the early '70s (under Nixon)?

Actually, sorry to be a dick, but shortly prior to ending the gold
convertibility in 1971, Nixon did "devalue" the dollar (and every other
currency save the quasi-currency gold) by raising the price of gold from $35
to $38 per ounce.

                                                - A Historian and a Dick
-- 
-------------------------------------------------------------------------------
Joseph Aloysius McVeigh | "As an advocate of reason, egoism and capitalism,
jm0i@ns1.cc.lehigh.edu  |  I seek to reach the men of the intellect - wherever
      "N.I.N.A."        |  such may still be found."                [Ayn Rand]
-------------------------------------------------------------------------------
From: darryl@cs.yorku.ca (Darryl Gamble)
Newsgroups: misc.invest
Subject: Re: Any good intro to Economics Book?
Date: 26 Aug 92 13:46:57 GMT
Article-I.D.: yetti.1413
Distribution: world
Organization: York University, Dept. of Comp. Sci. - Toronto

My recommendation to get a good Canadian economics book would be
to go to your closest university and check out their bookstore.

My economics book (in case they use the same one) is just called
Economics (@nd Canadian edition) written by Blomqvist/Wonnacott/Wonnacott.
This edition was published in 1987, and I think there's a more recent
edition.

It is roughly 800 pages long, and is written strictly from the Canadian
side of things.

Hope this helps.

Darryl Gamble
York University, Toronto

(PS If you can't get to a university bookstore, try writing

Attn: Sponsoring Editor, Business and Economics
The College Division
McGraw-Hill Ryerson Limited
330 Progress Avenue
Scarborough, Ontario
M1P 9Z9.)
Newsgroups: misc.invest
From: swalker@uts.EDU.AU (S Walker)
Subject: Is GM Stock cheap at the moment (33&3/4)
Organisation: University of Technology, Sydney, Australia
Organization: University of Technology, Sydney, Australia
Date: Tue, 1 Sep 1992 13:31:30 GMT
Summary: They must be a good buy
Keywords: GM

I see that General Motors stock is currently selling for $33.75
Only 3 months ago it was trading at around $40. Without getting
into   the long term prospects of the US car industry and the
decline of the US auto giants due to the Japanese imports,
is GM stock worth a small investment? I see that Hughes is currently
a drag on earnings so even if Hughes could break even GM might
start producing earnings of previous years. Also can anyone see
any recommencing of dividends in the near future. Even a small
dividend would surely signify that GM was back on track to
substantial earnings and then the stock price would rise accordingly
Thanks

Gordon Gekko

Newsgroups: misc.invest
From: nvecchi@cscs.ch (Nicole Vecchi)
Subject:  Re: Long-term direction of the dollar
Followup-To: nvecchi@cscs.ch
Organization: Centro Svizzero di Calcolo Scientifico / CH-6928 Manno
Date: Fri, 28 Aug 1992 08:17:40 GMT

So now if I can sell cash dollars for 1.23 SFr, buy cash dollars for 1.31 SFr,
or transfer dollars at 1.28 SFr should I go ahead and buy/transfer some dollars
into a US account?  Should I let it sit there, should I put it into a short-term
growth fund, or revert it back to cash and "carry it around."  Ten months ago I 
could sell cash dollars for 1.47 SFr. 

I'm not trying to speculate but just trying to hedge against the trips I 
take to visit the US. 

Nicole
Newsgroups: misc.invest
From: steve@cucbs.chem.columbia.edu (Steve Stuart)
Subject: Re: Economic effects of election results
Organization: Center for Biomolecular Simulation, Department of Chemistry,
	Columbia University
Date: Wed, 26 Aug 1992 22:50:54 GMT

mmokhtar@attmail.com (Mazen Mokhtar) writes:

                        . . . . For example, a Clinton victory is likely to
   decrease the value of the dollar and improve the stock prices of medical
   complanies. 

Improve them??  Clinton, far more than Bush, is for slashing
health-care costs.  I would think that the stocks of most
pharmaceutical and medical companies would drop if Clinton wins.

Of course, whatever does happen, it'll happen long before November.
Stocks were dropping back in June because they were afraid Perot might
make it into the White House!


-- 
-Steve

echo "a'rfg cnf Crpv | har" | tr '[a-m][n-z] ' '[n-z][a-m]\012' | sort | tr "\012" " " ; echo " "
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Long-term direction of the dollar
Date: 29 Aug 92 00:53:22 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Aug28.164859.19250@inel.gov>, whg@INEL.GOV (William H. Gray) writes:
|> 
|> Appropo of this:  the $ is losing ground as the world's primary reserve currency.
|> What are the investment implications if it does in fact lose this status?  What
|> are the implications for large borrowers (like the govt) having their loans denom-
|> inated in some other currency?  What would that currency be?

For large and small borrowers alike, it means a smaller pool of available
money to borrow from, which implies a higher interest rate to pay.

Currently a large portion of the US govt debt, and a sizable portion of
private american debt (corporate bonds, mortgages,..) are directly or
indirectly held by foreigners.
If they lose faith in the dollar, they will not be as eager to buy
dollar denominated bonds. In other words, less dollars will be held by 
foreigners and made available for american (govt or private) borrowers.

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................

Xref: sparky misc.invest:11063 biz.misc:91
From: rcollins@encore.com (Roger Collins)
Subject: Re: Make 20-38% in Stock Market / year
Reply-To: rcollins@1.com
Organization: Encore Computer Corporation
Date: Fri, 4 Sep 1992 21:05:04 GMT

markc@hpldsla.sid.hp.com (Mark Cervarich) writes:
|> Here's my idea:  Buy 100 shares each of 5-6 companies. (Should cost around
|> $5-7K.  With a yield of greater than 20%, I will make over $1000 a year
|> in dividends (before taxes and sales commissions.)  I plan on re-evaluating
|> which stocks I own at least once/quarter.

I'm not even going to go into why this won't work (efficient market,
etc.) but it might be interesting to see a list of these and have
netters speculate about why the market has such low hopes for these
securities?
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Re: Is GM Stock cheap at the moment (33&3/4)
Keywords: GM
Date: 1 Sep 92 21:01:53 GMT
Reply-To: tucker@shiva.UUCP (George Tucker)
Organization: Hughes Aircraft Co., El Segundo, CA

In article <1992Sep1.034232.15432@ccsd.uts.EDU.AU> swalker@uts.EDU.AU (S Walker) writes:
>I see that General Motors stock is currently selling for $33.75
>is GM stock worth a small investment? I see that Hughes is currently
>a drag on earnings so even if Hughes could break even GM might
>start producing earnings of previous years. Also can anyone see

I understood that Hughes made record profits aside from the restructuring
charge.  I assume that is why GMH stock went up.

By previous years do you mean 1990 and 1991? :^)

	 George Tucker        tucker@tcville.hac.com
What is the world's largest government subsidy to agriculture,
terrorism, speedboat manufacturing, organized crime, and prison
construction?
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Newsgroups: misc.invest
Subject: What's a "Rights Offering"?
Date: 29 Aug 92 21:15:04 GMT
Distribution: usa
Organization: Skidmore College, Saratoga Springs NY, 12866


I just got a letter from Tri-Continental (closed end fund - NYSE)
reporting that is will authorize a Rights Offering which will grant
stockholders right to purchase additional shares.  What is this?  Are
they issuing new paper and giving stockholders first buying rights?
Will these shares not be available to the NYSE when first out?  Will
they issue only the number of shares that stockholders indicate they
wish to buy?  Enquiring minds want to know.






-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@scott.skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391
When asked his position on euthanasia, our local state rep. responded:
"I support youth all over the world."
Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: 401k Rollover Legality Question
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Wed, 2 Sep 1992 17:17:00 GMT

In article <BtyK5v.Bp3@apollo.hp.com> saz@apollo.HP.COM (Steven A. Zedeck) writes:

>Whatever you do transfer into an IRA, you should put in into
>a separate IRA and not mix these funds with a previously setup
>IRA. This will give you more flexibility in moving the money around later.
>You also shouldn't mix pre-tax dollar IRA money with post-tax dollar IRA.

Why should you keep them separate.  Everyone says to keep them
separate, but no one says why.  What flexibility is there?  In short,
what do we gain?!

The cost of keeping them separate is the additional complexity of
managing multiple accounts.  I want to do one thing with my retirement
money, and I don't want to have to do it twice, which also increases
the commissions that I have to pay.

If there is actually something to be gained, then I would like to know
about it.  The only thing that I have heard is that I might later be
able to roll the money into a plan with a new employer.  From the few
that I have seen, however, such plans are too restrictive for me
(including 401k and 403b).  From the current perspective, I would
rather have complete control of the money and risk giving up some minor
tax benefits down the road---but not major tax benefits.  Are there
major risks?

--Jim
Newsgroups: misc.invest
Subject: PUBLIC/PRIVATE ???
From: newwave@desire.wright.edu
Date: 25 Aug 92 14:23:46 EST
Organization: Wright State University 


Hi:

  Are the following companies public or private: (Any info is welcomed)

  - Crystal River Engineering (Groveland, California)
  - Fake Space Labs (Menlo Park, California).

  I know they are into VR and thats all?

Cheers...
K. Desai

Newsgroups: misc.invest
From: tony2@prefect.uucp (21131-gozdz)
Subject: Re: list of mutual funds?
Organization: Bellcore, Livingston, NJ
Date: Tue, 1 Sep 92 12:21:14 GMT

In article <KPC.92Aug31180649@zog.arc.nasa.gov> kpc@ptolemy.arc.nasa.gov writes:
>Is there a list of no-load stock mutual fund performance floating
>around?  (I was surprised not to see one here or in news.answers, but
>I did see the technology stock list.)
>--
>i'm open to comparing research career notes with other young cogsci people.
>-- 
>i'm open to comparing research career notes with other young cogsci people.

What period are you interested in? I can post such a
list for any period since 9/1/88 (this is how far back
my database goes).

Tony

Newsgroups: misc.invest
From: anth@eng.umd.edu (Anthony G. Bradford)
Subject: Advanced Micro Devices (AMD)
Date: Thu, 03 Sep 92 22:36:32 GMT
Organization: College of Engineering, University of Maryland, College Park

Purchased some AMD (700 shares) at 8.5 about 2 weeks ago, now its at 11 and 3
eights. Don't see any news in the news why its rallying. Has anyone
heard anything?
-- 
In-Real-life: Anthony Bradford, University of Maryland College Park, MD, U.S.A.
		anth@wam.umd.edu anth@eng.umd.edu  phone: 1 301 779 3772
Newsgroups: misc.invest,rec.autos
From: ae02022                         
Subject: Re: sales tax rebate?
News-Software: VAX/VMS VNEWS 1.41    
Organization: University of Minnesota CIS
Date: Tue, 25 Aug 1992 17:14:00 GMT

In article <1992Aug25.002331.2841@unocal.com>, stgprao@st.unocal.COM (Richard Ottolini) writes...
>>In article <1992Aug24.213307.22648@news.iastate.edu> bible@iastate.edu (Anthony E Bible) writes:
>>>	Nope.  That's why it's called *sales* tax instead of property tax.  The
>>>tax is on the transaction.  And the chap that you sold it to gets to pay sales
>>>tax on the $6600 too.
> 
>There is a version of the sales tax commonly used in Europe and Canada
>that only taxes increases in transactions.  It is called the Valued Added
>Tax.  It is generally applied to more types of transactions than the sales
>tax in the U.S. e.g. wholesale transactions.  Also it a higher rate than
>most US sales tax rates- typically 10-20%.
> 
>Does anyone know how a VAT works on used cars then?  I would guess there
>is no VAT unless the price increases.

In Germany you pay the VAT only if you buy the car from a dealer. Private
transactions do not carry VAT. There are special deals between dealers
though. I am not sure if they pay VAT if they buy stuff from each other
for later selling to an 'final' consumer.

Peter

		                                                               
===============================================================================
Peter Bidian					     Internet: pebi@aem.umn.edu
Dept. of Aerospace Eng.				     Bitnet:    AE02022@UMNACVX
University of Minnesota				     phone:      (612) 625-1346
===============================================================================

Newsgroups: misc.invest
From: whg@INEL.GOV (William H. Gray)
Subject: Re: 401k Rollover Legality Question
Reply-To: whg@INEL.GOV (William H. Gray)
Organization: Idaho National Engineering Lab
Distribution: na
Date: Fri, 28 Aug 92 23:57:52 GMT

In article <BtpEBq.Dpq@taligent.com>, cep@taligent.com (Christophe Pettus) writes:
|> In article <9J65PB4w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
|> >ben@bailey.UUCP (Ben Bailey) writes:
|> >
|> >> Better get some real advise from a prof. regarding this.  The 401k rollover
|> >> stuff was recently changed, and I'm not sure when it goes/went into
|> >> effect.  That advise could be very cheap compared to penalties!
|> >
|> >The mandatory witholding of distributions goes into effect Jan 1, 1993.
|> 
|> The WHAT?  Does this mean that 401(k) payouts are automatically withheld,
|> and you have to beg and plead to get the money back from the IRS if you
|> do the sensible thing and reinvest it in another qualified plan?   Time
|> to write to my congresscritter.

This is essentially a sneaky trap for the unwary (and you say you TRUST your congresscum-
bagperson?).  If you don't have the proceeds transferred DIRECTLY to another qualified
plan (IRA, 401k, ...),  20% will be wittheld.   If you handle the transfer yourself,  then
YOU WILL HAVE TO MAKE UP THAT 20% OUT OF YOUR OWN FUNDS or be taxed.  Upon demonstrating
(how, I don't know) the copaceticity of said self-handled transfer,  you may claim the
withholding.
========== long legal disclaimer follows, press n to skip ===========

Neither the United States Government or the Idaho National Engineering
Laboratory or any of their employees, makes any warranty, whatsoever,
implied, or assumes any legal liability or responsibility regarding any
information, disclosed, or represents that its use would not infringe
privately owned rights.  No specific reference constitutes or implies
endorsement, recommendation, or favoring by the United States
Government or the Idaho National Engineering Laboratory.  The views and
opinions expressed herein do not necessarily reflect those of the
United States Government or the Idaho National Engineering Laboratory,
and shall not be used for advertising or product endorsement purposes.
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: Closed End Funds
Date: 29 Aug 92 07:34:29 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

choong@csc.ti.com (Yong Choong) writes:
|
|How can one get the names of the fund management and/or prospectus?
|I'm particularly interested in Thai Capital Fund, New Germany Fund and German
|fund.

Standard & Poor Stock Reports (findable in many libraries) should
have a contact address or phone number.  Note that they will probably
not maintain a prospectus, unless they are issuing new shares.

--------------------------------------------------------------------
Timothy J. Lee                 timlee@btr.com  ...!decwrl!btr!timlee
This message comes with no warranty, not even an implied warranty of
fitness for any particular purpose.
Newsgroups: misc.invest