Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.50

-1.8%

3:31 PM EST

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To: engineer who wrote (88120)	11/22/2000 7:38:14 PM
From: marginmike	Read Replies (2) of 152472

Your right,but today's leverage in the system is almost extreme, albeit different. Hedge funds, derivitives, swaps etc have created leverage at a level similiar to 1929. I would alos mention that the personal level of debt per capita is way to high as well. The world economy is to highly based on credit and worthless assets. This is being unwound. I use 1929 as an example not because of the similarities in Macro econ but in the fact that it was a so called new ERA much like we have today. We had new technologies like Automobiles, Radio, Phonograghs etc which were spurning a revolution in productivity. These technologogies were revolutionary but werent able to forstall economic malaise.

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