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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

3:59 PM EST

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To: Maurice Winn who wrote (36902)	7/22/1999 9:54:00 PM
From: gdichaz	Read Replies (1) of 152472

OTOTOT Maurice: How can I agree with you after my post on Greenpan? The trouble is - I do - mostly. You are a very persuasive person. Have read your posts on the economy and Q shares as currency with admiration. Hate to admit it, but this is another perceptive one. But. You are assuming that Greenspan knows what he is doing and that he is choosing to use words as the lesser evil to bedevil (and fool) the "markets". You may just be right. Again but. He has shown in the past a willingness to take stupid action in raising interest rates (persuading his fellow Fed'ers to do so) and raised them and raised them. The last recession is his work IMO. Clearly the real situation is as you say. We are in a deflationary period - except that taxes and other stuff keeps prices from falling as they should - something that would benefit us all as consumers and the economy as long as the fall is gradual and doesn't spiral down.. And sometimes he gets a little help from his friends - keeping lamb prices up by keeping NZ lamb out - hurting us as consumers. Fun stuff, no? Chaz

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