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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: Wyätt Gwyön who wrote (104832)	9/15/2001 10:15:48 PM
From: Jon Koplik	Read Replies (2) of 152472

"Flow of funds," velocity of money, and other exciting (and boring) concepts of economics. As I once posted a long ago -- when I was working in Bond Market Research at Salomon Brothers (over twenty years ago), I was told that there were (at that time) about three people in the entire United States who actually understood "flow of funds" analysis (as it relates to the GDP of the U.S.) I think if you build a brick wall, the person who manufactures bricks, and the laborers who put up the brick wall are more likely to buy things ... than if you had just spent nothing. Jon.

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