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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Rick who wrote (33870)	7/1/1999 9:57:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Deflation <It would only be better for those not in debt. Just imagine your home mortgage, or credit card, getting progressively ever harder to pay off (as the balance would become ever more valuable).> True enough Fred. That's why I have debt [not on house or credit cards but on margin to own The New Paradigm Q!]. It is a transfer of wealth from those who don't understand what's going on and continue to hold cash to Alan Green$pan's government buddies and to me! The poor suckers holding cash and lending it to mortgagors, banks and thereby credit card debtors, don't realize they are being fleeced, year in, year out. They see a small, but positive, return on 'investment' after the 'small' inflation rate and taxes on their derisory interest and think they are doing okay or at least protecting their capital. One day that game will end. But until then, I don't mind if they like to work, save their money, lend it to me to invest in high returning stocks like Q! Alan Green$pan is keeping the game going by acting innocently wide-eyed about how it is amazing that the economy is booming and there is no inflation. Most economists seem to be acting wide-eyed and bemused though lately there are many who have figured out that The New Paradigm is having a very big effect. Computers really do, despite all the frustration with them, make life a great deal better, cheaper, more efficient and productive. And the pace of the improvement is increasing. Mqurice PS: Meanwhile, crude oil is nearly double the lows of December. While oil figures less in The New Paradigm than the 1970s and 1980s, it is big time as seen on 405, 101 or any highway in the USA where steel, oil and rubber hurtle along at 75mph. Doubling the price of the main raw material will put a ding in that activity. Same for aircraft. Expect a slowdown any time soon. Maybe $147 was the high for some time. Anyone cunning enough to get out at the top and avoid The Big Dipper? Not me. In for the thrill....

To: Rick who wrote (33870)	7/1/1999 10:42:00 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 152472

DEFLATION is great when you are paying your suppliers, but not a good steady phenomenon to work its way month in and month out for an economy... imagine the S&P as a whole experiencing lost pricing pressure which outpaced its declining supply costs... the result is declining profits, lost capital for investments, R&D, followed by layoffs, lost bonuses for best workers... a mess what most people lose sight of... is that deflation for many industries results in declining profits, which is a CURSE to stockholders we are seeing deflation in communications generally... it is good to see the inefficient dinosaurs like ATT and RBOC's get slammed around... I love it... bring in the nextgen companies with their much much lower cost structure based on cheaper more efficient technology, like fiber optic bring in the nextgen companies like theQ with their better wireless technology... some people who might have bought a PC will instead buy a handheld PC like a portable digital assistant, provided it has a wireless modem and features with email and internet access... much cheaper cost and alternative to a $1500 PC in autumn of 1998 our economy got a wicked scare of deflation... the FED done good in providing liquidity to counter the threat... forget the LTCM bailout... now we are stable again... any deflation is likely to be in industry pockets and very beneficial how about a longdistance phone call NYCity to London for the same cost as NYC to Boston??? it is coming with advanced fiber optic... how about a wireless call from Boston to Philly for the same cost as landline call from Boston city to Boston suburbs??? it is coming... that is good deflation generally speaking, widespread bigtime deflation is devastating!!! ... good point about debt against assets showing declining value... if real estate had huge deflation, then mortgage backed securities would fall, then bonds generally, then stocks in domino fashion but agreed: pockets of deflation like in telecom that displaces the horribly inefficient GSM's of this world is a great step forward... some of the imminent deflation in wireless is due to rapid rampups in subscribers and nice beneficial economies of scale go Q, jim