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

To: Art Bechhoefer who wrote (123200)	8/14/2002 8:17:52 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 152472

<I don't see much likelihood of an increase in demand for credit. Maybe foreign demand for U.S. dollar denominated securities, but scarcely anything else. > Well, noblesse oblige and all that, I guess that means I'm going to have to be the borrower of last resort to buy the shares as buyer of last resort [at a suitable time yet to be determined when there is serious whining and moans from people desperate to unload their beaten down stocks at any price to somebody please]. A bit lower and things will look tempting. I guess another 6 months or year of market clearing will see things more orderly and priced to really sell and get things back on the straight and narrow [not that they ever actually are normal or straight and narrow or on the rails - markets are a lifetime of chaos theory writ large with the added fun of maniacal chimpoids clicking mice depending on the greed/fear balance on the day]. Mqurice

To: Art Bechhoefer who wrote (123200)	8/15/2002 9:09:38 PM
From: cfoe	Read Replies (2) \| Respond to of 152472

OT? re: interest rates and inflation. ...with pressure on inflation coming from (1) reduced grain yields from a major drought in the midwest Heard an agra-expert say that most if not all of any shortage in US will be made up from overseas growers. As an example he said that Brazil is poised to produce more soybeans than the US because of the drought. Therefore, price impact of drought will be minimal. (2) continued high prices for crude oil, natural gas, and refined oil products (due in part to the filling of the petroleum reserve in case of a war with Iraq), long term interest rates may be headed up ... Definitely an unknown. It could drive the long-term US Treasury bond up in price (and drop interest rate) with a flight to quality. It's also unlikely that the Federal Reserve will reduce the federal funds rate if inflation picks up. Not if they see a much bigger threat in deflation. Japan's experience for hte last ten years shows that it is much easier to address inflation that deflation. They're really big on dampening the effects of inflation, even if it means dampening the whole economy. See item above.