Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.54

+0.4%

3:59 PM EST

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To: Frank Ellis Morris who wrote (94751)	2/28/2001 11:30:47 AM
From: Keith Feral	Read Replies (1) of 152472

The real definition of inflation for Greenspan - excess investment demand over savings. None of the issues about labor markets, CPI inflation, energy prices motivated the real tightening of interest rates last year. It's just the wealth effect, sir. Thankfully, AG is not going to be the only economic leader in town anymore. The overemphasis on monetary policy to stabilize prices has brun it's gambit. Price stabilization is a fact of life regardless of whatever moronic comments GReenspan makes about the "rapid change" of technology. Having witnessed the dployment of CDMA for 2G and awaiting the introduction of CDMAfor 3G, I know how long it takes for new technologies to become commercial. It is now time to reduce the size of government spending and reallocated the excess part of the budget to the taxpayers. We have the left and right goal posts already set - $900 billion for the left and $1.6 trillion for the right. I would be happy with a perfect shot down the middle.

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