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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.12

-3.3%

3:59 PM EST

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To: Maurice Winn who wrote (13328)	8/4/1998 10:25:00 PM
From: marginmike	Read Replies (1) of 152472

Maurice your history is incorrect. It was not the united states who initiated a trade war, but the Europeans. The united States incorectly reacted by escalating the tarrif war which had started in the early 1900's. Also Germany's problems were due to reperations, and a Government with no legitimacy(having been formed at Versailles). Your conclusion is correct as to it being the reason for the great depression. As for Japan, it is really quite in their hands right now. I do feel the people realize the gravity of the situation, even if the political types dont. I feel an ending of LDP dominence is inevitable, much in the way bush-Reagebn era ended when USA recovered. If you recall G. Bush's doom was his lack of understanding of the economic turbullence going around. He stated to citezens that we were not in a ressession. I remember because my Business was decimated, come election I opted for a change. This seems to be taking place in Japan now. The success Korea is having should show Japan the way.

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