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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.90+2.1%Oct 31 9:30 AM EDT

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To: Jim Willie CB who wrote (116871)4/19/2002 11:24:40 AM
From: xr1  Read Replies (1) of 152472
 
From Bob Brinkers radio program (summary on web site)

Recession & Corp Profits
Look what Alan Greenspan did as he presided over the greatest economic boom of all time in the late 1990s. Greenspan went on a constant interest rate increase track starting in 1999 and carrying to May of 2000. In fact, Greenspan's final interest rate increase, which drove the final stake in the heart of the recovery, was 50 basis points. Greenspan and his committee members in the Federal Reserve, totally killed off the economy, which lead to the recession including the worst profits recession in the history of the United States. The real damage to the economy has occurred in corporate profits as they eventually melted down in 2001. The meltdown was pervasive and included the Standard and Poors company earnings.
HIN
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