Interest Rate Futures: Concepts and Issues

Interest Rate Futures: Concepts and Issues
by Gerald D. Gay and Robert W. Kolb

Book Description: Robert F. Dame, Inc., Richmond, VA, 1982. Hardcover. 8vo - over 7¾ - 9¾" tall. Hardcover, Maroon cloth boards with silver title to cover and spine, black end papers, 1982.

Book Condition: Very Good, spine straight, binding tight, corners square, light tanning to title page otherwise pages clean, bright, no marks. No dust jacket.

Contents: Preface, 1. INTRODUCTION TO FUTURE MARKETS, 1. The Simultaneous Determination of Spot and Futures Prices, 2. Futures Trading and Investor Returns: An Investigation of Commodity Market Risk Premiums, 3. The Pricing of Commodity Contracts, 4. Interest Rate Futures, II. THE EFFICIENCY OF THE INTEREST FUTURES MARKET, 5. Using T-Bill Futures to Gauge Interest-Rate Expectations, 6. Is the Futures Market for Treasury Bills Efficient?, 8. A Comparison of Yields on Futures Contracts and Implied Forward Rates, 9. Testing the Unbiased Expectations Theory of Interest Rates, 10. The U.S. Treasury Bill Futures Market and Hypothesis Regarding the Term Structure of Interest Rates, 11. Treasury Bill Pricing in the Spot and Futures Markets, 12. The Efficiency of the Treasury Bill Futures Market, 13. The Efficiency of the Treasury Bill Futures Market: An Analysis of Alternative Specifications, III. HEDGING WITH INTEREST RATE FUTURES, 14. Interest Rate Futures: New Tool for the Financial Manager, 15. Hedging for Better Spread Management, 16. Hedging Possibilities in the Flotation of Debt Securities, 17. The Hedging Performance of the New Futures Markets, 18. The Hedging Performance of the New Futures Markets: Comment, 19. Risk Reduction Potential of Financial Futures, 20. The Error Learning Model and the Financial Futures Market, 21. Improving Hedging Performance Using Interest Rate Futures, 22. Duration, Immunization, and Hedging with Interest Rate Futures, IV. THE INSTITUTIONAL ENVIRONMENT, 23. Market Incompleteness and Divergences Between Forward and Futures Interest Rates, 24. Forward and Futures Pricing of Treasury Bills, 25. Tax-Induced Bias in Markets for Futures Contacts, 26. Tax Topics: Interest Rate Futures-Commercial Banks, 27. Bank Regulations for Futures Accounting, 28. Futures Trading by National Banks, 29. Financial Futures Markets: Is More Regulation Needed?, 30. Living with Inflation: A Proposal for New Futures, 31. Market Index Futures Contracts, BIBLIOGRAPHY. 501 Pages.

Summary:
Very thorough book on Interest Rate Futures. Extensive use of charts, tables and equations.

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$45.00

Inflation's Timing: And Warning Symptoms Of It's Explosive Stage

Inflation's Timing: And Warning Symptoms Of It's Explosive Stage
by Donald G. Ferguson and Allen H. Lester

Book Description: American Institute for Economic Research, Cambridge, MA, 1938. Trade Paperback. 8vo - over 7¾ - 9¾" tall. Softcover, Green printed wrappers with black title to cover, 6th printing, 1938.

Book Condition: Good, covers rubbed and soil, corners bumped and folded, some tanning to covers, internally no marks with the exception of some light soil and light tanning. No dust jacket.

Contents: THE TIMING OF INFLATION: Explanation of the Charts, The Index of Inflation, Timing,

THE EARLY STAGE OF INFLATION: Germany, France, Civil War, World War, New Era, Duration, Other Reasons for the Time Lag, Obvious Lessons,

THE CRITICAL STAGE: Germany, France, Civil War, World War, New Era, Duration,

THE EXPLOSIVE STAGE: Germany, France, Civil War, World War, New Era,

WARNING SIGNALS OF DISASTER: Circumstances Conductive to Complete Repudiation, Circumstances Leading to Devaluation, Circumstances Leading Only to Collapse, Warning Symptoms, The Current Inflation, Protection Against Inflation, Can Inflation Be Controlled? - end.


Summary:
Excellent Post-Depression Era Title on Inflation focusing on the differences and similarities of several high inflation periods. I read this book over the weekend and I glad I did. What I took away from this title was that although all of these periods took several years to run through these stages, the reaction of commodities, securities and the actual inflation differed in each case. Applying this to the current economy I have an idea what to expect, but will certainly make sure I'm listening more to the market then broadly "assuming" what will happen if we move into a more inflationary period. Highly recommended as it may offer a good balance to those who might already hold strong preconceptions about market reactions to inflation and hyperinflation.

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$65.00

The Inherent Function of Money

The Inherent Function of Money
by William Brown

Book Description: McAllister Publishing Company, Chicago, IL, 1933. Hardcover. 8vo - over 7¾ - 9¾" tall. Hardcover, Brown cloth boards with gilt title to cover and spine, First Edition, 1933, Chicago.

Book Condition: Good, covers rubbed, light soil to covers, corners and spine extremes bumped and starting to fray, spine straight, binding intact, end papers clean - no marks with the exception of some light tanning, internal pages clean - no marks but a few small traces of foxing to some pages, some tanning to pages, small blemishes (1/8") to text block. No dust jacket.

Contents: PART I: Economic Tracts, No. I, No. II, No. III., No. IV., No V., No. VI., PART II: Chapter I. Importance of Douglas Example, II. Production and Prosperity, III. Our Needs and Desires Should Guide Our Production, IV. True Units of Money and Labour Necessary, V. Benefits of a True Money System, VI. Taxation, Its Necessity and Its Harmlessness, VII. Free Trade and Money Truths, VIII. False Gods of Gold and Foreign Trade, IX. Duty of People's Governments to Adopt True Money System, X. Money Truths, XI. Conditions Under a True Money System, XII. Unemployment Not the Evil, XIII. Wasteful Industry, XIV. Beneficial Power of a True Money System, XV. National Dividends, PART III: Jottings, Conclusion.

114 Pages. Classic Depression Era title by William Brown (this title was published simultaneously in the US and UK, this book printed in US).

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$25.00

Pitfalls of Finance and Politics

Pitfalls of Finance and Politics
by Frank Boyce

Book Description: Square Deal Publishing Company, Baltimore, MD, 1922. Soft cover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Softcover, Brown leatherette with decorative gilt title to cover and spine, First Edition, 1922.

Book Condition: Good, covers rubbed and soiled, corners bumped, covers near text block are slightly flared due to a previous protective cover that was just a little too small, spine extremes bumped and worn, some pages were folded at top corner, top dust dulled, end papers clean, internally pages are clean with light uniformed tanning, binding intact, spine straight. No dust jacket.

Contents: I: The Birth of Our Nation, II. The Modern King-Gold-And Its Satellites, III. The State and County Rights Fraud or "Con Game," and How It Is Worked, IV. Stock and Bond Salesmen-Bankers Commissions-And the Up-to-Date Methods Used to Secure Leads, V. Misleading Sales Methods--Subscription Forms--Reloads--Releases--Resale Contracts--And Myself Notes, VI. Oil and Mining Stocks and Oil Leases, VII. Financing and Enterprise, Three Stages, "Blue Sky," Politics, Bond Issues, Real Estate Mortgages, And Financiers, VIII. "Blue Sky Laws," No Guarantee of Protection, What They Are, How They Operate, "The Changes" and "The Proof." IX. The Absolute Proof on "Blue Sky Laws," Do They Protect You? Read the "Proof" of the Charges, X. Great Financiers, Bankers, and Politicians Are Only Human, and Are Not Infallible, The Shattering of Fallacious Propaganda, XI. Will Someone, Oh! Will Someone, Please Answer These Questions for Me? XII. Atrocious "Blue Sky Law" Enforcement Methods, The Unmasking of Buncoing Political Athletes, XIII. A Safe and Needed Remedy for "Blue Sky" Abuses And State Corporation Puzzles, A National Corporation Law, XIV. What You Should Know About a Company Before Buying Its Stock, XV. What You Should Know About a Company Before Buying Its Bonds, XVI. "Train Up" Your "Child in the Way He Should Go, and When He is Old He Will Not Depart From It." 290 Pages, EXTREMELY SCARCE title.

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$625.00

What About Dollars?

What About Dollars?
Compiled by Theodore Barrett, Louis B. Spaeth, Jr.

Book Description: McClure Publishing Company, New York, 1936. Hardcover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, Brown cloth boards with gilt title to cover and spine, First Edition, 1936.

Book Condition: Very Good, covers lightly rubbed, lightly soiled, corners bumped and faded, spine extremes gently bumped, spine cover light soil, end papers clean, internally pages are clean with the exception of some moderate tanning (more pronounced near edges), no marks, spine straight, binding intact. No dust jacket.

Contents: BOOK I: Managing Money, Acknowledgments, Chapter I. Introduction, Basic Principals, II. The Story of Money, Credit and Banking, III. The Story of Savings, IV. The Story of Life Insurance, V. Home Making, VI. Budgets, The Business of Household Management, VII. Using Your Personal Credit, VIII. The Story of Investments, IX. Financial Terms Defined, X. Safeguards for the Investor, XI. Your Personal Financial Records, XII. Wills and Trust Companies, XIII. The Blind Spot of Science, BOOK II: Better Buymanship, Chapter I. Fundamental Basis of Buying, II. Advertising, Business News or Propaganda, III. Getting My Money's Worth - Frauds, IV. Buying Goods, V. Buying Services, VI. Consumer Groups and Consumer Responsibilities, Appendix: Bibliography, Suggestions to Teachers, Index.

EXTREMELY SCARCE 1930's text on money management, economic principals and buymanship. 305 pages, Indexed with complete bibliography.

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$225.00

Understanding Market Cycles: Lessons 1,2 & 3

Understanding Market Cycles: Lessons 1,2 & 3
by J.M. Hurst

Book Description: CycliTec Services, Marshalltown, IA, 1973. Hardcover. 4to - over 9¾ - 12" tall. 3 Ring Binders, Yellow covers with brown screened "CycliTec Services" logo to covers and spines, Spines also denote lesson 1, 2 and 3 to the corresponding volumes. Includes 3 audio cassettes, one for each lesson, (due to the age of the cassettes, it's possible they no longer function - fortunately the script for each cassette is provided in print for each lesson so no content is lost if the cassettes don't function). Numerous fold-out charts. No dust jacket.

Book Condition: Good, binder exteriors are rubbed and extremely soiled, but contents are fairly clean with the exception of some light soil and light tanning.

Contents: LESSON NO 1: How Price Action Works, Preface, Section 1: Introduction, Cyclic Concepts, Commonality and Cyclicality, Price Waves, Section 2: A Cyclic Trade, Section 3: The Factors and Principals Involved, The Wave, Summation, Waves in Price Action, Harmonicity and Syncronicity, Proportionality and Nominality, Variation, Summary, Glossary, Self-Examination, Cassette Script, (Lesson 1 is 65 pages)

LESSON NO 2: From Cyclic Concepts to Trading Decisions, Section 1: Review and Introduction, Section 2: Taking the Uncertainty Out of Trend, Section 3: The Concept of a Valid Trend Line, Section 4: Valid Trend Line Use, Section 5: FLD's - Are Related to Waves, Section 7: How FLD's Relate to Price Movement, Section 8: More Information from Multiple FLD's, Section 9: Action Signals, Stop-Loss Levels, and Potential Risk Ratios, Section 10: A Cyclic Trade Re-Visited, Summary, Glossary, Self-Examination, Self-Examination Answers, Cassette Script, (Lesson 2 is 83 pages)

LESSON 3: 1. Review, 2. Introduction, 3. The Cyclic Model Concept Revisited, 4. The Periodogram Concept, 5. The Price Movement Periodogram and Initial Cyclic Model, 6. Some Features of Cyclitec Stock and Commodity charts, 7. Trough location by FLD's in Past Time, 8. Introduction to Phasing Analysis, 9. Entering a Phasing Analysis, 10. Extending a Phasing Analysis, 11. Completing a Phasing Analysis, 12. Considerations Affecting Phasing Analysis, 13. Extracting Information from a Phasing Analysis, 14. Conclusion, Summary, Glossary, Self-Examination, Self-Examination Answers, Cassette Script, Lesson 3 is 141 pages.

Note: Although the author's name does not appear in print, J.M. Hurst both founded Decision Models, Inc. and CycliTec Services in addition to creating the course-work and teaching his theories through CycliTec Services in the 70's. This is a rare copy of the first three lessons, there were 11 produced in the series. (Oversized, additional shipping chargers will apply, please contact me for an accurate shipping quote).

Status: SOLD 28 March 2012 to Private Collector in TX.