Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Jacob Snyder who wrote (81123)	9/21/2000 10:12:06 PM
From: Climber	Read Replies (1) of 152472

Interesting take on the oil situation. cato.org "No Need to Panic over Oil Prices..." ".... In the meantime, don't worry about another oil-induced recession. Adjusting for inflation, oil prices in 1973 stood at $90 a barrel. So we've got a long ways to go before prices approach those of the 1970s in real terms. Moreover, the economy is far less vulnerable to oil-price shocks today. Whereas 9 percent of the GDP was spent on oil in the 1970s, only 3 percent is so spent today. Oil prices are simply unable to wreak the amount of havoc in today's economy that they could in the economy of 20 years ago. " Climber

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