HDTenEightyP/NetNews huggingface dataset:
From: pmahler@netcom.com (Paul Mahler)
Subject: Re: Long-term direction of the dollar
Date: Thu, 27 Aug 92 06:04:17 GMT
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 

devine@mttam (bob devine) writes:

>Note that while the US dollar drops, this makes gold a more
>attractive (and dependable?) currency.  Gold has gone up a
>few dollars per ounce but if central bank intervention proves
>to be ineffective, watch for gold to spurt up.

>Bob Devine


We seem to be in a deflationary spiral. It is not clear that gold will 
go up.  It is likely that the next few years will see the deutschmark
become the worlds soverign currency in place of the dollar. Hey, they
did win world war II, after all. 
-- 
--------------------------------------------------------------
Paul Mahler                   internet: pmahler@netcom.com
Consultant
1800 Market St. #257          voice: 415.327-6737
San Francisco, CA 94102       fax: 415.322.1603

"I work for myself; there's no one else to blame it on." 
-------------------------------------------------------------

Xref: sparky misc.invest:10948 rec.autos:20680
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest,rec.autos
Subject: Re: sales tax rebate?
Date: 25 Aug 92 17:36:34 GMT
Article-I.D.: news.BtJvL3.Cp5
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <1992Aug24.214110.22747@fid.morgan.com>, joec@fid.morgan.com (Joe Collins) writes:
>This means that the item is taxed twice, once by me for full value and
>once by the new buyer, at market value. We lose and the state wins.

Ah, you just realized the difference between the two surest things in
life, tax and death.  You only die once but tax comes again and again.

Look closer, you have already paid income tax on the money you used
to buy the car the first time.  The automaker also pays tax on
material in building the car.  It goes on.
From: ST32373@VM.CC.LATECH.EDU
Newsgroups: misc.invest
Subject: Amway (Yeah, I know...)
Date: 27 Aug 92 22:15:30 GMT
Organization: LOUISIANA TECH UNIVERSITY


  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.
Newsgroups: misc.invest
From: floydb@rpi.edu 
Subject: Stop flames (was Re: Re: Nikki (up or down?)) 
Reply-To: floydb@rpi.edu 
Organization: Rensselaer Polytechnic Institute - Admin. 
Distribution: world 
 
Date: Thu, 27 Aug 1992 13:24:10 GMT

Is this pertinent to misc.invest. IMHO, it is not pertinent and it is inflamatory.

What are the prospects for the Japanese (export oriented) economy in a world wide
recession and amidst international political upheaval?

barry

 In article <Aug26.230506.47824@yuma.ACNS.ColoState.EDU> roh@CS.ColoState.EDU (Lucas Roh) writes:
>In article <21098@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>| 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
>| 
>
>Name a single democracy that is not corrupt in some ways.  I would venture to
>say that US is just as bad as Japan, if not worse.  Just look at all 
>kinds of scandals that you hear about such as S&L's, House checking scandal,
>BCCI, etc.  There are plenty of scandals that don't make the public new also.
>Basically, there are all kinds of favors given to and accepted by politicians; 
>hidden deals are being made behind the curtain; the House and Senate 
>politicians trading votes (yes trading), etc etc.
>
>As far business controlling an awful lot, well don't
>the Republican party share the same brain with the big business?
>
>
>| taboo areas (like the Japanese role in WWII---something they
>| need to honestly come to terms with).
>
>I think we first need to honestly come to term with the fact that Columbus DID
>NOT discover America!  It's just so stupid and such Eurocentric view.
>People were living here!  Geez. 
>
>Lucas
*------------------------------------------------------*
* Barry B. Floyd - Barry_Floyd@mts.rpi.edu             *
*                       floydb@rpi.edu                 *
*                                     (disclaimed..:-) *
*------------------------------------------------------*
 
(lastline)
From: newsalt@qedqcd.rye.ny.us (News Acct. 2)
Newsgroups: misc.invest
Subject: Re: Short-term currency speculation
Date: 29 Aug 92 14:00:23 GMT
Organization: High Energy Concepts


Hi,
	What were your transactions costs as a % of your investment
	and what rates did your bank actually convert your funds at?

Mike

-- 
--------------------------------------------------------------------------------Mike Miskulin		mmm@qedqcd.rye.ny.us	70053,551@compuserve.com
--------------------------------------------------------------------------------
Newsgroups: misc.invest
Subject: Re: 401k Rollover Legality Question
From: gary@cdthq.UUCP (Gary Heston)
Date: Tue, 01 Sep 92 20:56:27 CDT
Organization: Garys' Home for Obsolete Computers

johna@psdcae1.gvg.tek.com (John Abt) writes:

> I am totally confused about this 401k thing. Is there
> a good reference somewhere that explains it?

The article was in the July 13 Wall Street Journal.

> It sounds like you can, if you leave your job, transfer
> your funds directly to a "legit" 401k/IRA account.

You can have *your ex-employer* transfer the funds for you; you
can't do it *yourself*.

> Can you then pull the money out without the 20%
> withholding? (And pay the 10% penalty/income tax
> the next April 15.)

Sure.

> If you can, isn't this kind of stupid?

Is there any other category for things Congress does? It's not only
stupid, it's counterproductive.

> If you can't, why is this rule always in the context
> of employment termination?

Because that's the only time you can get or move your entire 401(k)
account. Except, of course, when you die. But then it's put into 
your estate, and doesn't do you any good....

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: cs6@TorreyPinesCA.ncr.com (Eric Sit 3611)
Subject: AMD stock
Organization: NCR (Torrey Pines Development Center)
Disclaimer: This posting does not neccessarily reflect the opinions of NCR.
Date: Wed, 2 Sep 92 17:03:46 GMT


Since the dollar's plunge, AMD has gone from 8 1/2 to 11, a whooping
25% increase in just a few days.  The volume has been in excess of 
one million shares a day.  I understand that Wall Street is bullish
on semiconductor companies because weak dollar would boost their
revenue in Europe.  Is there any other positive news about AMD
in particular?

Eric
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Long-term direction of the dollar
Date: 4 Sep 92 01:21:57 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Sep3.181618.10270@engage.pko.dec.com>, pub@riscee.pko.dec.com (Publius) writes:
...
|> policy with the fiscal policy.  The Fed creates money by easing
|> credit (not by overhauling the printing press) and thus creates even
|> more debt.  The more the Fed eases the credit, the bigger the short
|> position on the dollar grows ...
|> 
True! But trees do'nt grow to the sky!!!
It is not a perpetual motion machine, and the FED can't ease credit (or 
print money) forever!!!
At some point, bond investors (or lenders) will ask for their money back.
And they do'nt expect to be paid in "devaluated" dollars either.... 

-- 
..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.
......................................................................

Newsgroups: misc.invest
From: mrand@sdf.lonestar.org (Marc Randolph)
Subject: Re: is it time to invest in Japan?
Organization: sdf Public Access UNIX, Dallas--unrestricted free shell access
Date: Wed, 26 Aug 1992 23:46:04 GMT

In article <BtI8nr.D1K@apollo.hp.com> goykhman_a@apollo.hp.com (Alex Goykhman) writes:
>In article <1932@coyote.UUCP> shekita@yeti.almaden.ibm.com (E. Shekita) writes:
>>> According to "Economist", Japan controls a whopping 3% of the 
>>> computer market outside of Japan...
>>and displays (which are some of the most expensive components 
>>in a PC or workstation). So I find it hard to believe that only 3%
>>of the profits in the computer business make their way back to
>>Japan.
>>
>>What does "3% of the computer market" mean? Does it mean that only 3% 
>    expect a better showing from a country aspiring to become the world's
>    leader in hi-tech design.  For many years, the Japanese hi-tech 
>    conglomerates have enjoyed lower interest rates and easier access to 
>    capital than their foreign competitors, yet today they find themself
>    squeezed between the low-cost East-Asian producers, and the US 
>    companies dominating the high-end.  

   I'll believe the 3% number if that is only refering to computer systems.
I think they still hold a very large part of the chip market (logic chips
and memory chips).  Most all computers and other electronic equipment
I've seen have WELL over 10% of the chips made in Japan.  Of course,
this number is going down since programmable devices are being used more
and more in place of discrete logic.

-- 
---
 Marc Randolph    mrand@sdf.lonestar.org
Newsgroups: misc.invest
From: choong@ra.csc.ti.com (Yong Choong)
Subject: Re: Closed End Funds
Reply-To: choong@csc.ti.com (Yong Choong)
Organization: Texas Instruments, SPDC, DSP Technology Branch, Dallas
Date: Fri, 28 Aug 1992 22:26:34 GMT

In article <5519@ssc-bee.ssc-vax.boeing.com>, mattb@ssc-vax (Matt Baney)
writes:
|> In article <1992Aug25.145153.5453@cbfsb.cb.att.com> klur@cbnewsb.cb.att.com
|> (david.s.klur) writes:
|> >I'm thinking about purchasing some closed end mutual funds (equity)
|> >which are selling at a discount, and then "hoping" that the
|> >discount will be reduced (i.e., the price will rise).  Anyone have
|> >experience in this?  Are shares of closed end mutual funds traded
|> >on the NYSE and AMEX like other stocks?
|> >
|> >Any advice will help!
|> >
|> 
|> Me too!!  Please post this stuff to the net??  Also the names of
|> some Closed-End funds??  And maybe some background on what
|> Closed-End funds are and how they work??
|> 
|> thanks,
|> 
|> 
|> 
|> 
|> -- 
|> |  Matt Baney         |     Boeing Defense and Space Group   |
|> | "I can't tolerate   | UUCP:     ..!uw-beaver!ssc-vax!mattb |        
|> | intolerant people!" | Internet:   mattb@ssc-vax.boeing.com |
|> |---------------------|--------------------------------------|

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.

Thanks,
-- 
Yong Choong                  
Email choong@csc.ti.com
Ring (214)995-5956
Newsgroups: misc.invest
From: dsg@cbnewsm.cb.att.com (david.s.green)
Subject: Re: Broker Solicitation
Organization: AT&T
Date: Wed, 26 Aug 1992 17:39:02 GMT

In article <NY95UMS@mailgzrz.tu-berlin.de> paul@cs.tu-berlin.de writes:
>pb00+@andrew.cmu.edu (Peter B. Behrens) writes:
>
>According to the efficient market theory there is no value
>in reading research reports or even financial newspapers. There
>are thousands and thousands of people getting the same information
>at the same time.

Not exactly.  I think what is really meant is that there is
less, or perhaps little, value in public information because
that information is already discounted into the price of the
security by the time "you" read it.

Note that although thousands read this type of information,
millions do not know or care about this information.  So, 
starting with Value Line, Barrons, or Wall Street Week or
whatever, may help make the playing field somewhat more level.  

The real trick, however, is turning all the Balance Sheet,
Income Statement, and other data into information that
will help you know something that others might not know.

It all depends on what game you are playing and how you want
to play it.

David S. Green
Newsgroups: misc.invest
From: fischer@li.serum.kodak.com (Chris Fischer (x39613))
Subject: Re: Printing money
Organization: Clinical Products Division, Eastman Kodak Company
Date: Thu, 3 Sep 1992 11:44:24 GMT

In article <Btyv2r.Hs9@apollo.hp.com> goykhman_a@apollo.hp.com (Alex Goykhman) writes:
>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?
>>>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).
>

This is true, to an extent.

>    The Fed does not buy goverment debt BACK, it buys and sells

This is wrong.  The Fed "monetizes" the debt by buying govt. securities
and giving freshly printed dollar in exchange.



-- 
Chris Fischer (fischer@serum.clpd.KODAK.com)
They never even listen to my opinion, why would they make it policy?
"The healthy gum tissue of our liberties are being eaten away by the 
 periodontal disease of government regulation." - D.Barry
From: ngrjn@milton.u.washington.edu (V Nagarajan)
Newsgroups: misc.invest
Subject: How does the Bond Market affect mortgage interest/closing costs?
Date: 26 Aug 92 02:28:59 GMT
Article-I.D.: u.1992Aug26.022859.23511
Distribution: usa
Organization: University of Washington, Seattle


	The mortgage interest date/closing cost went up today in reaction
	to the chaos in the Bond Market, so says a mortgage broker. What is
	the mechanism here? Apparently, depressed interest rates -> capital
	flight -> decrease in dollar exchange rate -> downward trend in
	bond market -> increase in lending rates. Do the last two steps
	make sense? How so? Thanks.

							- Nagarajan
Newsgroups: misc.invest
From: saz@apollo.HP.COM ()
Subject: Refinancing (considering ARM)
Date: Mon, 31 Aug 1992 13:57:39 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA
Keywords: refinance

I have been considering refinancing my mortgage and I've always
been a conservative person, however, I was wonedring how risky
would an Adjustable Rate Mortgage (ARM) really be ? Many banks
are offering about 4.5% with a 2% per year cap and 6% lifetime cap.

I know that the ARM index is based on the 1 year T-Bills.

Can you assume that with a high national debt, we can expect
interest rates to remain relatively low for a few years ?

comments /opinions ??

-- 
* Steven A. Zedeck - Hewlett Packard Company, Workstation Systems Division *
* Chelmsford Systems Laboratory                   * Phone #: (508)436-5897 *
* 300 Apollo Drive; Chelmsford, MA 01824          * HP-TELNET:    436-5897 *
* Internet: saz@apollo.hp.com   * UUCP: {decvax, mit-eddie...}!apollo!saz  *
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: 401k Rollover Legality Question
Organization: Taligent, a little subsidiary of two really big companies.
Date: Fri, 28 Aug 1992 17:09:26 GMT

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.
--
-- Christophe

"Black is the color of non-conformity.  Everyone has to have it."
	T-shirt company executive
From: johne@vcd.hp.com (John Eaton)
Newsgroups: misc.invest
Subject: Re: use of frequent flyer coupons
Date: 2 Sep 92 17:18:17 GMT
Article-I.D.: vcd.Btyo2I.ww
Organization: Hewlett-Packard VCD
X-Newsreader: Tin 1.1 PL5

Steven A. Zedeck (saz@apollo.HP.COM) wrote:
: I was just told that if you use a frequent flyer coupon
: to get a free flight, you need to declare that as income.
: Is this really true ?
:
---------------------
Not really. If you see a special on bath soap offering "Buy 3 and get 1 free"
then you don't have to pay taxes on the free bar. Where it gets tricky is
when someone else (such as your employer) is buying the tickets but you are
getting the freebie. You could argue that the free trip is taxable. You
could also argue that it amounts to a kickback and that you should be fired.
It simply means that you should not look a gift horse in the mouth.

If you are really worried then simply use your coupons for 1st class upgrades
on company trips. Thats safe.

John Eaton
!hp-vcd!johne
From: jmuth@pyrps5.eng.pyramid.com (John Muth)
Newsgroups: misc.invest
Subject: Re: **Wang Lab. stock any hope?**
Date: 1 Sep 92 21:56:44 GMT
Organization: Pyramid Technology Corporation, Mountain View

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 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??
>Thanks.

Let's see. They've spent the last 2 years converting thier client base 
to the IBM AS/400. Ergo, no real customer base. They have some interesting
document imaging software, but thats a market thats been "poised for
major growth within the next two years" for the last 10 years. Besides, there
are lots of other players in that market. They completely missed the 
boat when PC's made the dedicated word processor obsolete overnight and
their moves since don't inspire alot of confidence.

No, I don't think so.

-John Muth
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: Long-term direction of the dollar
Organization: Unocal Corporation
Date: Thu, 27 Aug 1992 15:23:31 GMT

In article <_bcn4sq.pmahler@netcom.com> pmahler@netcom.com (Paul Mahler) writes:
>devine@mttam (bob devine) writes:
>  It is likely that the next few years will see the deutschmark
>become the worlds soverign currency in place of the dollar. Hey, they
>did win world war II, after all. 

Unlikely.  It could be a high quality currency like the Swiss Franc
but not a soverign currency.  There are too few few DMs in the world
compared to the dollar.  This is because the Germans are very strict about
how much money they print.  As much as people complain about the dollar,
it is the defacto currency in much of the world.  The XSSR, Israel, the mideast
OPEC countries to name a few are dollar based economies because there is no
confidence in their own currencies.  China would be too if the influx of
dollars was not tightly controlled.  The free flow of dollars around the
world must drive monetarists like Friedman crazy because of less control
over dollars outside the US.
Newsgroups: misc.invest
From: tylerh@cco.caltech.edu (Tyler R. Holcomb)
Subject: Re: farmland as an investment
Organization: California Institute of Technology, Pasadena
Date: Thu, 27 Aug 1992 20:01:30 GMT

shaver@oasys.dt.navy.mil (Bryan Shaver) writes:

>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 

[stuff deleted]

>>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!

I disagree.  In 1932 My grandfather took all of the family savings
and Mortgaged his parents house to buy a failing neighborhood
grocery.  By 1942, he owned several stores and was a leading
(independent) grocer.

In that depression, a 1/5 of the work force wasn't working.  For
many of those people, credit and barter replaced money as the
means of exchange.  My grandfather often provided food on credit
and accepted "payment in kind."  (Marketing side note: when you
loan food to a man with hungry children, he becomes a *very**
loyal customer once he has a job again).  This was the key
to his success.

In a barter economy, the priveleged are those who control the food.
In the medieval economy, those who controlled the food were
(literally) the royalty.  Thus, if one wants to hedge against
a complete economic collapse, acquiring 10-20 acres of *good*
farmland that can be kept productive without mechanized
agriculture (note: this rules out most of the great plains,
the current "bread basket) and also acquiring the means to
maintain possession of said farmland seems like an outstanding
investment strategy.




























>$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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

>$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
-- 
---------------------------------------------------------------------------
Tyler Holcomb   *   "Remember, one treats others with courtesy and repsect *
tylerh@juliet   *   not because they are gentlemen or gentlewomen, but     *
  caltech.edu   *   because you are."  - paraphrased from Garth Henrichs   *
From: cfdwe@ux1.cts.eiu.edu (David Ebdon)
Newsgroups: misc.invest
Subject: Re: Wall Street Week -with Gabelli
Date: 2 Sep 92 19:24:32 GMT
Organization: Eastern Illinois University

I believe that ZIP code should be 21117.


-- 
David Ebdon
College of Liberal Arts and Sciences
Eastern Illinois University
cfdwe@eiu.edu
Newsgroups: misc.invest