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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 156.34+1.4%3:59 PM EST
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To: Skeeter Bug who wrote (72140)5/22/2000 3:26:00 PM
From: slacker711  Read Replies (2) of 152472
 
Sorry....still dont buy it.

Let's walk through your argument

1) The statistical numbers have been boosted by 100%. This means that GDP has been recently growing at roughly 2.5%.

2) This 2.5% growth is an acceleration from previous years in which growth was between 1.5-2%.

3) This acceleration is due to the "wealth effect" caused by people thinking that the economy was actually growing faster than it really was.

The conclusion to your views is that you seem to think that 2.5% growth is too fast for this economy. I think that even pre-96, most people were comfortable with 2.5% growth as non-inflationary.

I dont see it....either the economy is experiencing inflationary growth or the numbers have been overstated. I dont see how you can come to the conlclusion that both have occurred.

Slacker
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