The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 165.35

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10:20 AM EST

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To: Art Bechhoefer who wrote (10467)	5/19/2000 8:34:00 PM
From: Jim Willie CB	Read Replies (1) of 13582

ArtB, a voice of reason I still like Kudlow and his steady wisdom, inflappable so many older economists and policymakers have been conditioned by the 1970's and its fearsome wicked inflation, which was real and big and destructive today's problems used to be deflation, now strong growth... their principal legitimate concern is now shrinking labor pool... that is why I think they are willing to risk a slight short recession in order to allow the labor pool to catch up to demand... a recession permits demand to slip for a spell my objection to their perceived need is the free market system... in one speech on China, Greenspan lauded the free market system and abandonment of central control... then he turns around and continues with central monetary policy few people realize how much the shortend credit markets are STILL in control... this market recently opened the door for a quick 50bpt rate hike, and we got it energy surging prices are real, but not lasting... I expect they will further encourage alternatives like electric cars... but labor issues are real I dont know how much capital equipment can truly replace so many lowskilled jobs... just thinking out loud / jim

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