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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: Kirk © who wrote (43334)2/10/2009 8:12:22 PM
From: Jacob Snyder  Read Replies (1) of 95530
 
I had the same thought. I can't tell if anything Intel announced is new spending. This may be a purely political/PR announcement.

And that leads to an uglier thought. The 1929 stock market crash was turned into a decade-long Depression, largely because governments engaged in a destructive beggar-thy-neighbor tariff war, which caused global trade to collapse. One scenario, which could turn the current recession into a global depression, is competitive currency devaluations, rising economic nationalism, and rising non-tariff trade barriers.
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