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PureBytes Links
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> "The USD printing press is privately owned."
>
> It's amazing the number of sites that try and point the above fact, and
> disappear in the process...
Hmmm.
To use an - in this case unrepresentative - corporate analogy the
executive branch appoints the Fed board that takes all strategic
decisions.
The US treasury owns the net profits of the Fed system and can at its
sole discretion transfer said profits to the treasury or leave them in
reserves.
The "dividend" mentioned in the Fed's accounts are at a 5% fixed rate
on capital committed in cash to the reserve system (like a preferred
dividend), that for the vast majority of history has not come close to
covering member bank's cost of capital. In accounting this equates to
interest expense, not an economic share of profits generated as
accrues to shareholders in the ordinary sense; this is a distinction
not lost on the Fed's auditors in their statement of departures from
accounting convention, last time I checked.
Further, member banks can not sell any shares if they wish to retain a
banking license. On the contrary, member banks are obliged to
unconditionally subscribe for new issues as determined at the sole
discretion of the politically appointed board of governors from time
to time.
So, while the Fed member banks are for archaic reasons known as
"shareholders" they are not private owners of the Fed in any
meaningful sense.
Maybe that is why the sites you refer to disappeared; perhaps people
realized they were peddling misrepresentations so egregious that they
can only be accurately described as a pack of lies.
Nice indicator though ;-)
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@> wrote:
> >
> > Jose:
> >
> > This link and the sub links are excellent! Too bad our politicians are
> > largely illiterate and cant read them. J))
> >
> >
> > Two sub links are unavailable
> >
> > The US Printing Press is Privately Owned
> >
> > An Anatomy of A Bear Market
> >
> >
> > Can you suggest another way/place to access these items?
> >
> >
> > Lionel
> >
> >
> >
> >
> > From: equismetastock@xxxxxxxxxxxxxxx
> > On Behalf Of Jose Silva
> > Sent: Tuesday, May 01, 2007 7:42 AM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: Day of Week Function? performance for the specified day
of the
> > week.
> >
> >
> >
> > From http://www.metastocktools.com/#metastock :
> >
> > This indicator measures individual weekday performance (from today's
> > Close to the previous Close), either as an average % or cumulative %.
> >
> > This statistical tool is very useful to determine micro-seasonal
> > tendencies in any market.
> >
> > Example statistics for the Dow Jones index (1997-2007):
> >
> > Day Avg Cumulative
> > -----------------------
> > Mon: +0.1% +45.2%
> > Tue: +0.06% +32.1%
> > Wed: +0.04% +19.0%
> > Thu: +0.0% + 0.1%
> > Fri: -0.03% -15.8%
> > All: +0.03% +80.5%
> >
> > Related material:
> > Rev2 kit - Reversal Pattern finder v2.0
> > http://www.metastocktools.com/Rev2/Rev2.htm
> >
> > MetaStock -> Tools -> Indicator Builder -> New ->
> > -> copy & paste complete formula between "---8<---" lines.
> >
> > =====================
> > Weekday performance %
> > =====================
> > ---8<--------------------------------------
> >
> > { Weekday Average/Cumulative performance %.
> >
> > Copyright C 2007 Jose Silva.
> > The grant of this license is for personal use
> > only - no resale or repackaging allowed.
> > All code remains the property of Jose Silva.
> > http://www.metastocktools.com }
> >
> > { Indicator inputs }
> > day:=Input("Select Day of Week: [Mon-Sun = 1-7, All = 0]",0,7,1);
> > type:=Input("Performance type: [1]Avg for Day, [2]Cummulative",1,2,1);
> >
> > { Daily performance % }
> > pf:=(C/Ref(C,-1)-1)*100;
> >
> > { Monday's performance % }
> > Mon:=DayOfWeek()=1;
> > tot:=Cum(pf*Mon);
> > Mon:=If(type=1,tot/Max(Cum(Mon),1),Tot);
> >
> > { Tuesday }
> > Tue:=DayOfWeek()=2;
> > tot:=Cum(pf*Tue);
> > Tue:=If(type=1,tot/Max(Cum(Tue),1),Tot);
> >
> > { Wednesday }
> > Wed:=DayOfWeek()=3;
> > tot:=Cum(pf*Wed);
> > Wed:=If(type=1,tot/Max(Cum(Wed),1),Tot);
> >
> > { Thursday }
> > Thu:=DayOfWeek()=4;
> > tot:=Cum(pf*Thu);
> > Thu:=If(type=1,tot/Max(Cum(Thu),1),Tot);
> >
> > { Friday }
> > Fri:=DayOfWeek()=5;
> > tot:=Cum(pf*Fri);
> > Fri:=If(type=1,tot/Max(Cum(Fri),1),Tot);
> >
> > { Saturday }
> > Sat:=DayOfWeek()=6;
> > tot:=Cum(pf*Sat);
> > Sat:=If(type=1,tot/Max(Cum(Sat),1),Tot);
> >
> > { Sunday }
> > Sun:=DayOfWeek()=7;
> > tot:=Cum(pf*Sun);
> > Sun:=If(type=1,tot/Max(Cum(Sun),1),Tot);
> >
> > { All weekdays }
> > tot:=Cum(pf);
> > all:=If(type=1,tot/Cum(1),Tot);
> >
> > { Plot in own window }
> > If(day=1,Mon,
> > If(day=2,Tue,
> > If(day=3,Wed,
> > If(day=4,Thu,
> > If(day=5,Fri,
> > If(day=6,Sat,
> > If(day=7,Sun,
> > all)))))))
> >
> > ---8<--------------------------------------
> >
> >
> > jose '-)
> > http://www.metastocktools.com
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "really_4real" <really_4real@>
> > wrote:
> >
> >
> > I'm trying to create an indicator which can show me performance based
> > on a selected day of the week. Performance should be relative to the
> > previous days close. Ex: Selecting Monday, will return the %
> > gain\loss from Friday's close to Monday close.
> >
> > I went through the formula primer and could not find any example to
> > help me on the way. If anyone can provide me with a the formula or
> > related it would be greatly appreciated or point me in the right
> > direction.
> >
> > Thanks in advance
> > Frank
>
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