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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 (71513)5/5/2000 2:50:00 AM
From: FR1  Read Replies (5) of 152472
 
What do you think about this:

1) You are a business making widgets.

2) Your salesmen go out and sell new widgets. Then you borrow money, produce the product and sell it.

3) Competition is tough. You work on a very thin profit margin.

4) Wages have gone up some but you have kept things under control by increasing productivity.

5) Now the feds decide to raise interest rates a bunch.

6) So what are you going to do? There is only one thing you can do - raise prices of your product. This causes your employees to ask for more money because widgets, and everything else, is going up.

7) Now the fed says: "Look - I told you so! Inflation! Prices are going up and wages too!"

8) So the fed says "I gotta kill this now so I'm going to raise rates again. Maybe even harder this time."

9) Go to step 6.

************************
What's going on here? - Programming mistake.
Solution? - Kill step 5.
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