[PEN-L:441] Who will tell Acompora?

"That $15 billion to $20 billion a month in retirement money has got to go somewhere." - Ralph Acompora, Newsweek, August 17, 1998 I'm no match for the tag-team of Henwood and Sawicky. But I'm left with a nagging question: if the NIPA figures totally discredit the hypothesis of a "baby boom

[PEN-L:439] Greenspan changes tune

October 8, 1998 In Only 4 Months, Greenspan Changes Economic Tune By RICHARD W. STEVENSON WASHINGTON -- Testifying before Congress in June, Federal Reserve Chairman Alan Greenspan called the U.S. economy the best he had ever seen. Less than four months later, he is trying to avert a slowdown

[PEN-L:446] Re: Who will tell Acompora?

Tom Walker wrote: "That $15 billion to $20 billion a month in retirement money has got to go somewhere." - Ralph Acompora, Newsweek, August 17, 1998 I'm no match for the tag-team of Henwood and Sawicky. But I'm left with a nagging question: if the NIPA figures totally discredit the hypothesis

[PEN-L:449] Nobel prize in Econ.

who's going to win the so-called "Nobel" prize in Economics this year? Any bets? I think they should give it to those two finance guys again, as a consolation prize. Jim Devine [EMAIL PROTECTED] http://clawww.lmu.edu/Departments/ECON/jdevine.html

[PEN-L:451] Re: Cyber-Sawicky

Doug Henwood wrote, Debts don't show up in the NIPAs, since they can't be charged against current production, so they have no effect on personal savings. They do show up in the flow of funds, which is why the "net financial investment" figures were so tiny. I stand corrected. They don't show up

[PEN-L:452] Re: I Spake Falsely

Max Sawicky wrote, I do not smoke cigars, and I am not a crook. Yes, Max, but have you ever inhaled? Regards, Tom Walker ^^^ #408 1035 Pacific St. Vancouver, B.C. V6E 4G7 [EMAIL PROTECTED] (604) 669-3286

[PEN-L:455] Re: Query: Arjun Makijani exchange rates

Gar writes: Has actually developed an exchange rate table using Arjun Makjani's basket of goods method? (For those unfamiliar with him, he argues that market exchange rates are yet another way of cheating poor and third world countries . One example of his point is that you can buy within

[PEN-L:454] Query: Arjun Makijani exchange rates

Has actually developed an exchange rate table using Arjun Makjani's basket of goods method? (For those unfamiliar with him, he argues that market exchange rates are yet another way of cheating poor and third world countries . One example of his point is that you can buy within Mexico more with

[PEN-L:453] DISBANDING THE IMF

Date: Thu, 24 Sep 1998 07:04:50 -0400 From: WK [EMAIL PROTECTED] Subject: ER9809-#2 TIME HAS COME FOR DISBANDING THE IMF! ER9809-#2 TIME HAS COME FOR DISBANDING THE IMF! Welcome to erMail, the email subscription service of the Committee on Monetary and Economic Reform (COMER). Thank you for

[PEN-L:450] Re: Fw: Re: Kagarlitsky responds to Hiatt

On Thu, 8 Oct 1998, Frank Durgin wrote: Oil and gas accounted for between 40 and 50% of Soviet exports. And that accouinted for a little over 31% of domestic production of oil and gas. 7.4% of Soviet output of tractors was exported (considerable number's of Soviet made "Belarus"

[PEN-L:448] I Spake Falsely

Some time ago, somebody offered an argument to debunk the Social Security actuaries' predictions of future growth as too low. The argument went something like, "even in the 30's depression decade, growth was higher." I responded that this wasn't a great argument. For one thing, the average is

[PEN-L:447] Re: Re: Cyber-Sawicky

Tom Walker wrote: True enough, but that's only part of the picture. Increases in liabilities -- most notably mortgage and consumer credit debt -- are also counted as a subtraction from net savings. So if an individual makes a $10,000 contribution to a 401k and in the same year takes out a

[PEN-L:445] Second Day of Protest Begins in Russian Far East

From russia today Oct. 8 1998 Mos 1:58 p.m. Second Day of Protest Begins in Russian Far East Picture: r100803.jpgMOSCOW -- (Agence France Presse) Communist predictions that nationwide protests would continue were being borne out at least in part on Thursday morning, as mass demonstrations

[PEN-L:444] Fw: Re: Kagarlitsky responds to Hiatt

On october 7 Dennis Redmond wrote. -- The Soviet Union sold a hell of a lot of oil and gas on world markets, but that's all it was able to sell. Here are some figures necessay to place that statement in context Oil and gas accounted for between 40 and 50% of

[PEN-L:443] Protesters in Moscow Say Yeltsin

From "Russia Today russiatoday.com. Thu., Oct. 08, 1998 Mos 1:58 p.m. Protesters in Moscow Say Yeltsin Guilty of Treason MOSCOW

[PEN-L:442] Re: Cyber-Sawicky

Eugene P. Coyle wrote: When an individual goes into a 401 k or similar contrivance, reported income for tax purposes goes down. Is the amount deducted "saving"? And is that (or any other $$ figure for saving) in a ratio with income for tax purposes, or the total income before the 401 k

[PEN-L:440] Financial breakdown in Japan

Debt Scramble Bankruptcy may hasten a financial-system breakdown Far Eastern Economic Review Interactive Edition By Peter Landers in Tokyo October 8, 1998 I n the middle of September, about 1,700 of Japan Leasing Corp.'s customers received an unusual letter from Yasuda Trust Banking, a

[PEN-L:438] BLS Daily Report

This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. -- =_NextPart_000_01BDF2BE.A4AB2C10 BLS DAILY REPORT, WEDNESDAY, OCTOBER 7, 1998 RELEASED TODAY: In April through June of 1998, there were 1,500 mass