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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST
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To: Jim Willie CB who wrote (33875)7/1/1999 11:32:00 PM
From: Morgan Drake  Read Replies (2) of 152472
 
There is some confusion here. A reduction in prices for various goods and services is not "deflation" per se. If the price decreases are the result of lower average costs, with profits remaining stable or increasing, that is not "deflation." When Dell was making bazillions of dollars selling computers at lower costs, that was not an example of handwringing deflation. That was the result of costs declining as a result of technological improvements) faster than prices. No biggee, folks. This was just capitalism doing its thing.

In the 1930s in the U.S., you had real deflation because the money supply had been reduced by a third. Profits did not increase---they plummeted. People did not have more money to spend on cheaper products. They had less. That is DEFLATION like we don't want to see again.

Morgan
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