Taxpayers electing the IPIC method can now use 100% of the pool index
--now called the inventory price index
(IPI)--to compute the LIFO value of a dollar-value pool.
I'm a bit confused about the information shown in exhibit 4, "S&P 500 Composition by Capitalization," of "Inscrutable Index
The most common is the index
mutual fund, which buys companies that comprise a particular index
As simple as it sounds, the performance of index
funds is no laughing matter, particularly in the eyes of many mutual fund managers out there.
A relatively small, but significant, effect of TDI index
on density has also been observed.
The lack of private sector precedent for indexed
debt as well as the short-lived experiment in trading consumer price index
futures on an organized exchange suggest that the prospects for the success of an indexed
issue must be weighed carefully.
472-8 was recently issued to "simplify and clarify certain aspects of the IPIC method," as well as to modify the method, so that it "produces a more accurate and suitable inventory price index
Setting up a nonfinancial performance index
is very intuitive; as such, a description of the concept sounds more complex than it really is.
The interpretation of diffusion indexes
is straightforward: A value of 50 indicates that over the interval spanned by the diffusion index
the proportion of series posting increases was equal to the proportion that declined, whereas a reading of more than 50 means that more series rose than declined.
The revision to the industrial production index
has altered only slightly the picture of major developments in the industrial sector during 1989.