Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.20

-3.3%

3:59 PM EST

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To: Tulvio Durand who wrote (90844)	12/27/2000 10:36:17 PM
From: Ingenious	Read Replies (2) of 152472

According to the definition below, we are far from a recession. We are slowing down to 2-3% growth and unemployment in the 3-5% range. If anything, this would be a prelude to recession; most countries would call our economy "booming".( Of course, that would make 1996-2000 - "explosive" I suppose.)The ball is in Greenspan's court. RECESSION: The common term used for the contraction phase of the business cycle. A general period of declining economic activity. During a recession, real gross domestic product declines by 10 percent or so and the unemployment rate rises from it's full employment 5 percent level up to the 6 to 10 percent range. Inflation tends to be low or non-existent during a recession. Recession last anywhere from six to eighteen months, with one year being common.

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