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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: Haim R. Branisteanu who wrote (71558)5/5/2000 8:31:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
Haim, you make some good points, but incomplete for sure

housing is stable for rent, but inflated for ultra-high end
energy is temporarily on the rise, but down 10-12% since March
healthcare is pretty steady from my view

PC costs are going down 20% per year or more
telephony generally is going down 15-20% per year
(I just signed up for Sprint cellphone: $75/1000 min, a reduction in cost of 25% from previous plan)

computer costs are going down per CPUcycle every year
storage costs are going down per GByte every year

pro sports & theatre prices are rising steadily for sure

building lumber is going down in price
business cardboard product is going down in price

my food costs seem very stable, esp for staples
bananas, corn, chicken, yogurt, bread, milk seem ok to me
milk might have risen more than I expected

I think productivity is pathetically understated
give me a break, check out this definition:

PRODUCTIVITY =
total goods & services /// total hours worked

(that is the flimsiest definition in quantitative history)

the internet B2B and other functions cannot be computed
yet they have a revolutionary influence on change
e.g. examine last qtr report by General Motors
(they estimated $1.3B in savings from internet supply chain)

our strong technology and pursuit of revolutionary development will keep this economy going
not Europe's socialism tenacity

our higher interest rates will TORPEDO Europe !!!

I disagree respectfully on Kudlow
his argument on Fed draining Money Supply is compelling
he chooses to wait and see the effects on the economy from the last five rate hikes
we are only now beginning to see the effects
the Y2K effect delayed their arrival

answer me this: WHY ISNT GOLD HIGHER NOW ???

/ Jim Willie
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