Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.18

+1.1%

Dec 18 3:59 PM EST

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To: Jon Koplik who wrote (138520)	7/12/2005 5:06:33 PM
From: Art Bechhoefer	Read Replies (1) of 152472

Krugman said in a relatively recent NYT piece that 10-year Treasuries should be at 7% now. That's based on real interest rates, not the artificially low rates resulting from distortions in the economy. The conservative news weekly, The Economist, came up with similar findings that short term real interest rates should now be a minimum of 5 percent. The Economist is one of the most respected conservative journals, and it views the current administration policies as simply out of touch with reality. Note also that The Economist endorsed Bush in the last election. The Economist credits artificially low interest rates with helping to create the bubble in real estate prices. Again, its conclusions are very similar to Krugman, who along with The Economist represents the mainstream of economic analysis today. Art

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