Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 167.13

+1.2%

11:20 AM EST

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To: dougjn who wrote (15179)	9/17/1998 11:19:00 PM
From: marginmike	Read Replies (1) of 152472

I am no economist, but the situation now is not even close to the 1930's. The great depression was caused by a Tarrif war started in the early 1900's. The complete collapse of international trade occured. This is not a good analogy. To be Honest we are in unchartered waters, and I think there are few economic models to draw from. The criteria of a 1)watershed age(Idustrial rev, mass prod, info) 2)A huge growth descrepency between 50-50% of world 3)single hegomonic super power 4) Technological explosion 5)power vacume(world leaders 6)International agencies to the degree we have now has never been seen befor. Besides the deflationary concern there is no other corelation. The entire world is open(mostly), trade flows well, capital flows. There are proper nets in place in the US and other countries to pump money if things get illiquid. Where is the similarity?

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