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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: dougjn who wrote (12786)7/22/1998 5:23:00 PM
From: Maurice Winn  Read Replies (2) of 152472
 
Good for you Doug! Now I've only got Ramsey left to hassle, waiting for the great crash of 1998 as some bad debts in Japan, Korea and here and there collapse the whole thing. While the Dow roars on up, dismaying Alan Greenspan and soothsayers using old ideas of how 'economics' works. They are right, but they are a bit like Newtonian physicists - their theories work on earth, but not when heading for the speed of light, or in big gravitational fields, or more precisely dense wave function 'places'.

Alan needs to add up the world's labour force, not that in the USA when he considers inflationary pressures. Somebody in China moving to a $4000 per year job isn't much of an inflationary pressure in the USA. The US$ is becoming even more an international currency. Lucky to be able to tax the world by way of printing more US$! They better enjoy it while they can because the Web and real asset backed property like Qualcomm will become the currency people use, doing a brief 'pass through the system' comparison with real money to establish a number to transact. No store of value function for dollars, just a trading value. The successful currency will be a stable and predictable one. With competition between currencies.

Mqurice
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