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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (59209)	5/3/2002 9:24:16 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 77400

LOL, I have never read such a load of B.S. in my life.

To: ahhaha who wrote (59209)	5/3/2002 9:44:15 AM
From: willcousa	Respond to of 77400

Your post reflects my view of the economic scene very nicely. I think NYCB is a short who periodically shows up to pile on to a stock when things are shaky.

To: ahhaha who wrote (59209)	5/3/2002 9:52:28 AM
From: GVTucker	Read Replies (2) \| Respond to of 77400

I am fully on board with your thoughts on the primary cause of the early 70's inflation. But I disagree with your notion that inflation is not a worry in the near future. The median CPI and core CPI (ex food and energy) bottomed out early in 1999 and have been rising ever since. It is not a coincidence in my mind that the price of gold bottomed out soon thereafter. Now, the dollar has begun to weaken, the last stronghold against inflation here. Here's just an anecdotal thought: the stock market to a degree has subsidized costs that otherwise would have risen. Think about telecommunications. Long distance companies are losing money left and right, as are data transmission suppliers. They could afford to do this for a while because the stock market allowed them to print money with the promise that sooner or later margins would grow sufficiently to overcome these losses. Now that this promise has not been kept, telecommunications suppliers will have no choice but to raise prices, because the capital markets will no longer subsidize those losses.