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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00130-18.8%Nov 7 11:47 AM EST

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To: Scrapps who wrote (9283)11/15/1997 2:10:00 AM
From: jhild  Read Replies (1) of 22053
 
Scrapps, I completely agree. It's convenient how these recent wars have worked out not to have been waged here. I think it lulls our planners into a sense of invulnerability that is unwarranted. Actions do have consequences and dropping bombs should not be our first recourse.

But tensions have been heightened to the point now that this looks like the next step. I think a Viet Nam style war is very unlikely. Our most recent actions (since Viet Nam) have been very quick. More police actions, than a real prolonged war. So I really think that inflationary effects would be miniscule with regard to Iraq. Surely the price of oil would jump and that would have some effects, but the duration I don't think would be long enough to give any momentum to inflation. Except . . . if it is truly not a contained action, and something horrific were to happen here with some of these weapons of mass destruction. Then this imported Asian deflation would look like summer vacation.
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