HDTenEightyP/NetNews huggingface dataset:
From: goykhman_a@apollo.hp.com (Alex Goykhman)
Newsgroups: misc.invest
Subject: Re: Printing money
Date: 2 Sep 92 19:49:39 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <977@tdat.teradata.COM> txl@tdat.teradata.com (Tuan Le) writes:
>In article <1992Sep2.112523.8159@clpd.kodak.com> fischer@li.serum.kodak.com (Chris Fischer (x39613)) writes:
>>In article <1992Sep1.232142.12511@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:
>>>In article <1992Sep1.123344.25998@magnus.acs.ohio-state.edu> cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:
>>>>The Federal Reserve buys back government debt (notes, bills, etc.).  
>>>
>>>This is a good chance to ask something I've wondered about.  Where does
>>>the Fed get its money from?  Does it have an unlimited amount?
>>>-- 
>>>Maurice Suhre
>>>suhre@trwrb.dsd.trw.com
>>
>>Yes.  It is called the Dept. of the Treasury.
>Yes, but the FED got it out of thin air because THE FED is THE source.
>-Tuan

    None of the above.  Banks "print" money by extending loans,
    they are THE SOURCE.  Every time a bank extends a loan, it has to 
    deposit a certain percentage of the money being loaned (currently 
    about %15) with the Fed (interest-free).

    The Fed does not buy goverment debt BACK, it buys and sells
    Treasury's on the open market to influence (short term) money supply,
    i.e. buying Treasury's injects cash into the banking system,
    selling them drains the cash out.

    The Treasury Dept. collects taxes and sells Treasury's to
    raise cash to finance goverment spending.

    The goverment can lower short-term interest rates by exerting 
    political pressure on the Fed, but can it re-inflate the economy?
    Not with the $399B federal budget deficit/$4T debt.  Any attempts
    by the Fed to drive real interest rates below zero (as Carter did
    to help the poor) will cause the bond market to collapse making
    it very difficult for the Treasury Dept. to finance the HUGE deficit
    by selling bonds.  Another factor limiting the money supply is 
    the current decline in collateral values, something that the
    goverment can do little about.



-- 
-----------------------------------------------------------------------------------
Disclaimer: all opinions are mine.
-----------------------------------------------------------------------------------
Newsgroups: misc.invest
From: hawkins@bnr.ca (John Hawkins P730)
Subject: What are the 401K & IRA inter-mingling caveats
Followup-To: jhawkins@bnr.ca
Organization: Bell Northern Research, Research Triangle Park,NC
Date: Wed, 02 Sep 1992 17:39:25 GMT

In previous posting:
>
>The usual caveats about mixing 401(k) and existing IRA funds applies,
>not to mention the problems with having both deferred and non-deferred
>IRAs. 
>
>Gary Heston, at home....
>gary@cdthq.uucp


Just what are the "usual caveats." I remember they have to do with taxes
but that's as specific as I can recall. Anybody have time to provide me
with a refresher?

emacil me : I'll post if others are interested...

thanks

-- 
*John Hawkins --- Bell Northern Research,   Research Triangle Park,  NC  USA *
*MaBell: (919)9918579	email:jhawkins@bnr.ca	USnail:35 Davis Drive RTP,NC *
*Ham: KD4OKN                                                                 *
*------****-**------****-**------****-**------****-**------****-**------****-*
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Printing money
Keywords: Banks
Date: 2 Sep 92 19:39:42 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Sep1.123344.25998@magnus.acs.ohio-state.edu>, cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:
|>... 
|> >Is the current situation in the US (banks not lending money to people) the
|> >leading cause of the deleaverage of the money supply (not so many turn of 
|> >the wheel) and the deflation I hear about in the investment rags?
|> 
|> The main reason banks aren't loaning money is that businesses are concerned
|> that the economy is declining.  They've also tightened their requirements
|> to protect their equity.

The other untold reason is that many large banks are in deep financial doo-doo 
due to their souring "non-performing" real-estate and LBO loans they made in the 80's. 
So they need all the cheap money they can get to "re-liquefy" their balance 
sheets and clean up their act. 
I think the FED's low short term interest rates policy has much more to do with
that, than with "jump-starting" the economy...

-- 
..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.
......................................................................
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Newsgroups: misc.invest
Subject: Re: Printing money
Date: 1 Sep 92 23:21:42 GMT
Organization: TRW, INC.

In article <1992Sep1.123344.25998@magnus.acs.ohio-state.edu> cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:
>The Federal Reserve buys back government debt (notes, bills, etc.).  

This is a good chance to ask something I've wondered about.  Where does
the Fed get its money from?  Does it have an unlimited amount?
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Direction of mortgage rates
Keywords: mortgage
Organization: TRW, INC.
Date: Thu, 27 Aug 1992 21:34:03 GMT

I think we are near a low now.

The gap between short term and long term interest rates cannot be
sustained IMHO.  However, the short term rates can rise back to a more
normal relationship.  In short, the market is telling us that it doesn't
believe that the feds/govt will control inflation and that the short
term rates are just a political/economic fluke trying to jump start the
economy.  And, of course, the 30 year mortgage rates will be higher than
the 30 year bond rates.

Usual disclaimers.  And remember, anyone that can *reliably* predict
interest rates can make a ton of money with that information.  (I don't
have a ton of money :-)
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: China stock market
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Distribution: usa
Date: Tue, 1 Sep 1992 20:07:20 GMT

In article <1992Sep1.193638.8470@uwm.edu> xiaoqing@convex.csd.uwm.edu  writes:

>China stock market has just been established recently and there are
>only a few companies trading stocks so far. Stocks are now the hottest
>items in China and are hard to get (there even was riot in Shengzhen).
>Many poeple think they will get rich real soon by buying stocks.

Then it's too late to buy.  It's already a bubble.  The herd is
stampeding.  It's time to sell.  Read at least Malkiel's chapter "The
Madness of Crowds" in *Random Walk*.  --Jim
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Re: Nikki (up or down?)
Date: 26 Aug 92 17:08:54 GMT
Organization: U of Arizona CS Dept, Tucson

In article <8190102@hpfcso.FC.HP.COM> rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss) writes:
>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.  

Um, Japan's democracy is very corrupt and not very robust.  And
business controls an awful lot, and the press doesn't look into
taboo areas (like the Japanese role in WWII---something they
need to honestly come to terms with).

--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
From: PNCSPPC@CCVAX1.CC.NCSU.EDU
Newsgroups: misc.invest
Subject: Alternative check sources?/Checking account alternatives?
Date: 1 Sep 92 16:24:21 GMT

I've heard that there are alternative check sources.  Does anyone know
which companies are the best?  And is it really worth the extra trouble? If
so, phone #s of the companies (toll-free, preferably) would be very
helpful.  Also, what about alternatives to the typical checking account--
are there any?  Since my Usenet newsgroup access is variable I'd appreciate
replies by e-mail.  Thanks.

Phil Calvert
 
<Bitnet: pncsppc@ncsuvax / Internet: pncsppc@ccvax1.cc.ncsu.edu>
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Re: Re: Nikki (up or down?)
Date: 27 Aug 92 18:06:54 GMT
Reply-To: tucker@shiva.UUCP (George Tucker)
Organization: Hughes Aircraft Co., El Segundo, CA

In article <8190102@hpfcso.FC.HP.COM> rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss) writes:
>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.  

You can quibble over whether their system of enforced group loyalty is 
equivalent to industrial serfdom, but it's in the ballpark.  And if you
ever get arested in Japan you can forgot all the rights you would expect in
a Western democracy.  Clarence Thomas would be ideologically comfortable there.

It doesn't matter how they got rich, they still retain a lot of the old
feudal structure.  Perot got rich without oil too, but that didn't make
him any more benevolent than the Emir of Kuwait.

I'll retract the "primitive" characterization.  Feudalism or tribalism may
be the wave of the future, after the global population collapse next century.

(And just to avoid political favoratism:  Clinton probably loves their
industrial policy.)

	 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: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: Re: Advanced Micro Devices (AMD)
Date: 4 Sep 92 20:17:30 GMT
Organization: Grass Valley Group, Grass Valley, CA

In article <1992Sep03.223632.18265@eng.umd.edu> anth@eng.umd.edu (Anthony G. Bradford) writes:
>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?

Compaq Computer announced 2 new laser printers several days ago... right before
the AMD rally. Both printers use the Am29000 series microprocessor.
The Compaq news was widely reported - the WSJ article mentiond the AMD parts.

That's it as far as I know...

John Abt
Newsgroups: misc.invest
Subject: Anyone have the '92 AAII Computer Guide?
From: rteasdal@polyslo.csc.calpoly.edu (Rusty)
Date: Sun, 23 Aug 92 22:58:59 GMT
Organization: Cal Poly San Luis Obispo, CSc Department


	
	Are there any members of AAII out there who have the
1992 edition of the Individual Investor's Guide to Computerized
Investing? I've been holding off on ordering for the last month,
figuring that the '93 edition would be out soon, but I now find
myself with a question or two about the discounts offered to
AAII members on various software packages listed in the Guide.

	If anyone who does have a copy, I'd very much appreciate
it if you could look up a couple of things for me.




-- 
||||||||   Russ Teasdale -- rteasdal@polyslo.CalPoly.EDU  --  (Rusty)  ||||||||
-------------------------------------------------------------------------------
"Gentlemen, if we do not succeed, then we run the risk of failure." - D. Quayle
From: mscott@bohr.ssc.gov (Mike Scott)
Newsgroups: misc.invest
Subject: Question about more generous IRAs.
Date: 4 Sep 92 19:30:02 GMT
Article-I.D.: sunova.1992Sep4.193002.18270
Reply-To: mscott@bohr.ssc.gov (Mike Scott)
Organization: Superconducting Super Collider Lab


	Some time ago I read that as part of the presidents growth
package, there is a provision to expand the salary limit, for an
individual or couple, at which the IRA becomes deductable.
Does anyone know if this is still being discussed and, if so,
the probability of it being passed?  What are the new income limits
for full or partial tax deduction?

Thanks in advance for any response.

Mike
Newsgroups: misc.invest
From: ago@leland.stanford.edu (Romain Agostini)
Subject: What happened to Waterhouse (WHO)?
Followup-To: misc.invest
Organization: SLAC
Date: Wed, 2 Sep 92 23:31:50 GMT

Does anybody know what's going on with Waterhouse Investment
Services (WHO an AMEX)??? After going up like a rocket, it is
now pretty much going to where it came from (went to over $30
early this year, now at around $13). This corresponds to a P/E
ratio of under 10 (I think - don't have the current earnings
available at this very moment). The fundamentals still seem to be
excellent, and I haven't heard any bad rumors so far. Is the
stock simply out of favor, or what is going on? Any ideas???

                                               Ago
Newsgroups: misc.invest
From: st1lv@rosie.uh.edu (McLeod, Stephen)
Subject: Nikkei breaks 17000.  Up 900+ more points.
News-Software: VAX/VMS VNEWS 1.41    
Organization: University of Houston
Date: Thu, 27 Aug 1992 19:52:00 GMT

Well, I must say I'm beginning to get a bit nervous now.  The Nikkei is up about
20% since last *THURSDAY* (7 days!).  I'm in but since I assume it is heading
for a correction now and that it will lose 4-5% at that point I may begin taking
small amounts out to lock in my profits on some of this.  For the largest
part though, I'm 'letting my profits run...'  
I go back in the hospital tomorrow or Saturday so it will be somewhat 
challenging to watch over my portfolio during the next week.
Good luck to anyone else currently investing in Japan!
---
Stephen McLeod
The Eternal? Student  *AH* My *beard* is falling out!
From: phiggins@crux.acs.uci.edu (Paul Higgins)
Subject: Re: Star/Cirrus network access fee
Newsgroups: misc.invest
Organization: University of California, Irvine
Date: 3 Sep 92 19:46:44 GMT
Distribution: ca

In article <1992Sep1.171620.26956@donner.SanDiego.NCR.COM> josh@tara.SanDiego.NCR.COM (Josh Mereminsky) writes:
>
>Does anyone else out there have accounts which waive the network access fee?

I do, at both Southern California Savings and Fidelity Federal Bank 
which operate in the LA/Orange County area and perhaps elsewhere.  
(So. Cal. Savings has branches in Silicon Valley.)

>If so, is there a limit to the number of ATM transactions you make per month
>before being charged.  Also, do these fees vary from institution to
>institution?

So. Cal. Savings is starting to limit free ATM transactions.  I got the 
notice in the mail this week.  You get 12 free transactions; after that,
they cost $1 each.  The fee is waived if you are a member of their Premier
Club which requires purchase of a CD of at least $10,000 I believe.

Fidelity Federal has no limit on free ATM transactions.  Point-of-sale
transactions are also free.  They're on the Star and Plus networks and
the Explore POS network.  I use my ATM card at Ralphs and Mobil without
paying any fee.

Paul Higgins                             phiggins@uci.edu
Advanced Scientific Computing            phiggins@uci (BITNET)
Office of Academic Computing             (714) 856-4693
University of California, Irvine         (714) 725-2069 (FAX)
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest
Subject: Re: Amway (Yeah, I know...)
Date: 28 Aug 92 03:22:53 GMT
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <16850E4A2.ST32373@VM.CC.LATECH.EDU>, ST32373@VM.CC.LATECH.EDU writes:
>  Yes I know what everyone says BUT its hard to argue with: 1) Average of 33% g
>rowth per annum since 1959, 2) over 4.1 billion in sales this year (so far) 3)
>is in 45 countries world-wide. 4)Offers such income opportunities for such a lo
>w investment. (Try $120-150,000) in 2-5 years.) These facts are all verifiable
>through the FTC. Also : NO QUOTAS! ANYWHERE in the business. You can/buy/sell/s
>how others the business as little or as much as you like. If you would like to
>get some FACTS (and start your way to that $120-150,000 per year income) E-Mail
> to ST32373@vm.cc.latech.edu. We can start your business for $0! If you ever de
>cide to quit, we'll buy back ALL your tools (tapes,books,etc.) at what you paid
> YOU HAVE NOTHING TO LOSE! See for yourself, don't listen to the guy who quit
>or never even started. Thank you for reading this post.

$120K!? a year?  Let me see, say your markup is about 33%, you have to
make sales about $360,000.  You need to have 36 friends, each buying
$10,000 of products (or 360 friends buying $1,000).  I don't have 300
friends nor a single friend that can buy $10,000 AMWAY stuff a year.
After all, if my friends find out my markup is 33%, they won't buy from
me. (Would you?)  So, cut it down to 15% markup.  Now I need $800,000
sale.  Good grief!  how many friends do I need to make that sale?  Can
you explain?
From: mvacc@ssdc.UUCP (Mike Vaccaro)
Newsgroups: misc.invest
Subject: Discounted Mortgages
Date: 1 Sep 92 17:26:08 GMT
Organization: Sterling Software IMD, Vienna, Va.

heard a lot of good things about it, and read a couple books on it, but 
would like to speak with anyone out there who's done it.
From: ar017@cleveland.Freenet.Edu (Nolan Whitaker)
Newsgroups: misc.invest
Subject: AIQ & MetaStock
Date: 30 Aug 92 22:09:50 GMT
Article-I.D.: usenet.1992Aug30.220950.2608
Organization: Case Western Reserve University, Cleveland, Ohio, (USA)


I am interested in hearing from users of AIQ and MetaStock
technical analysis software.  In particular, I am interested
in actual experiences using the BUY recommendations generated
by AIQ (and the sell recommendations).   How accurate have
this been?
 
(I will post a summary if there is adequate response.)

Thanks,
Nolan W. Whitaker

PS:  A list of inexpensive dealers of financial software would also
be helpful.
From: shekita@yeti.almaden.ibm.com (E. Shekita)
Newsgroups: misc.invest
Subject: Re: Long-term direction of the dollar
Date: 25 Aug 92 19:50:23 GMT

> What is the general concensus of the long-term direction
> of the dollar against other major currencies?  It seems
> to me that with our relatively sluggish productivity
> gains and our huge budget and trade deficits it is likely
> to go even lower than its current postwar lows.  Comments?

Given our persistently large yearly trade deficit, and no
progress on the budget deficit in sight, I would have thought 
the dollar would have dropped more over the last few years
than it has. I think one of the main reasons the dollar has 
persevered is because it continues to be the world's primary
trading currency, which pumps up demand for it. I don't 
see that changing anytime soon... Still, you have to wonder 
whether there will be a loss of confidence in the dollar that 
feeds on itself at some point. Washington has shown no sense of
urgency about getting our fiscal house in order.

James Baker has publicly stated that the administration wants a 
lower dollar to boost US exports. They're seeking an orderly
decline, though, not the kind of precipitous decline we've seen
the last week.

The most recent decline probably has more to due with the differential
between short-term US interest rates (at a 30-year low) and short-term
Germany interest rates (at a 30-year high).

Gene
From: jmuth@pyrps5.eng.pyramid.com (John Muth)
Newsgroups: misc.invest
Subject: Re: Zero-coupon bonds
Date: 24 Aug 92 18:09:49 GMT
Distribution: usa
Organization: Pyramid Technology Corporation, Mountain View

In article <1992Aug21.214740.13169@odi.com> ed@odi.com (Ed Schwalenberg) writes:
>
> < A discussion on Tresury zeros as a 1-2 year play on falling interest rates>

Another way to invest in Treasury zeros is thorugh a mutual fund. Benham
has a set of Treasury zero mutual funds with various target maturity dates.
These funds are no-load and have pretty low management expenses (how hard
is it to manage a portfolio of Treasury zeros with a specific maturity date
after all?). Unless you are talking about a REALLY significant amount of 
money, 1-2 years worth of management fees might be less than the transaction
costs to buy the zeros through a broker. 

-John Muth



Xref: sparky misc.invest:11008 rec.autos:20833
From: smith@ctron.com (Larry Smith)
Newsgroups: misc.invest,rec.autos
Subject: Re: sales tax rebate?
Date: 27 Aug 92 14:51:03 GMT
Reply-To: smith@ctron.com
Followup-To: misc.invest
Organization: Cabletron Systems, Inc.

In article <1992Aug24.201750.22541@fid.morgan.com> joec@fid.morgan.com (Joe
Collins) writes: 

>Some years back, I purchased a new car for $17000 and paid some $1020 in sales
>tax. I just sold this same car for $6600. Since this reduces my net cost,
>should I not get a rebate on the overpayment of sales tax?:
> 396 net overpayment to the state.

>In effect, I think the government owes me .06*6600 or $396 in sale tax 
>overpayment. 

The law is a _sales_tax_.  That means it applies to _any_ sale.  According to
the law, your sale of the car for $6600 makes _you_ (not the purchaser) liable
for $396 dollars.  You see, they get you coming and going.  That's the law.
For private sales, it may not be enforced, or the state might take it out of
the purchaser on registration, but any used-car dealer could explain the full
workings of the law in detail, I'm sure.

Larry Smith (smith@ctron.com)  No, I don't speak for Cabletron.  Need you ask?
-
How about we all do something reasonable?  I bet that'll confuse 'em!
From: ckc20@cd.amdahl.com (Chien-Kang Cheng)
Newsgroups: misc.invest
Subject: Re: Star/Cirrus network access fee
Date: 2 Sep 92 00:51:47 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

I have an account in Tech. Fed. credit union, basicly, they allow 5 free 
ATM transactions each month, you will be charged $1 since the 6th.
(Basicly I think 5 times is already enough for me).

I've no idea about the situations of other credit union.

chien-kang
From: Amiga@cup.portal.com (Philip Barry Kirschner)
Newsgroups: misc.invest
Subject: Re: Printing money
Date: Thu,  3 Sep 92 18:55:34 PDT
Organization: The Portal System (TM)

I am not sure. But money exist's as a form of trade! Money itself has
no value,but what can be bought!
Phil
From: mincy@think.com (Jeffrey Mincy)
Newsgroups: misc.invest
Subject: Re: **Wang Lab. stock any hope?**
Date: 31 Aug 1992 15:31:14 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
NNTP-Posting-Host: mjolnir.think.com

In article <92241.123313WJT101@psuvm.psu.edu> <WJT101@psuvm.psu.edu> writes:
>Hello,
>I am seeking opinions from people on how good an investment in Wang Lab
> stock would be.  

I think that Wang stock would be a lousy investment.  However, It might be a 
reasonable speculation or gamble.  The appropriate word depends on your
reasons for buying or wanting to buy the stock.

> I realize the company is in chapter 11 bankruptcy but is
> the company a total lost cause?  Is there any chance they can re-group and
> come out of this ok?  Could this stock be a diamond in the rough??

Dont know.  

>Thanks.

-- 

-- jeff
mincy@think.com