Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

Dec 4 3:59 PM EST

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To: SpudFarmer who wrote (38823)	8/27/1999 2:08:00 PM
From: marginmike	Read Replies (4) of 152472

Lets get serious he is no longer fighting inflation, but fighting growth. I dont understand where in his mandate it says that is his job. He is out of line jawboning the stock market down. If he wants to reduce asset inflation then the capital gains should be increased or the regulation T margin rates increased. Slowing growth to fight asset inflation is silly, and will cause a catastrophe in my mind. Thats what MITI in Japan tried to do in the early 1990's. You se how they ended up! There is no inflation and no need for raising rates. I have a feeling that he will pull the whole world back down into deflationary spiral with his meddeling. Do not forget about what he did in 1992? when he refused to stimulate and sank us into a very bad recession. all of your memories are remembering the last few years. He has by no means been perfect. Also the economic boom has been due to no government interference, demograhic trends, and lower oil prices. IMHO The fed should leave things alone.

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