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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: Ramsey Su who wrote (11986)	7/2/1998 11:14:00 PM
From: Jon Koplik	Read Replies (1) of 152472

Ramsey - regarding "equal chance it may go either way" -- (I am assuming you mean short-term rates up to 7.5%, rather than down to 3.5%). I think it would be pretty hard to get to an environment, in little more than a year, where you'd need 7.5% money to make everything work here in the U.S. But, one never knows ... By the way, I just now finished listening to Paul Krugman's interview from earlier today (on CNBC) (I had videotaped it). What he said about Japan -- that a hugely deflationary, "liquidity trapped" economy needs a (stimulatory) weak currency, (as opposed to Goldman Sachs' saying in print somewhere that Japan really needs a strong currency) seems incredibly obvious to me. How is Japan supposed to cope with all of the incremental deflationary forces that a super strong currency would bring? To anyone who hated economics and/or thought it was boring, and wishes we'd all get back to discussing Qualcomm -- sorry. I have noticed that the weekends can get kind of slow here. Jon.

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