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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (6833)	5/29/2006 9:46:27 AM
From: elmatador	Read Replies (1) \| Respond to of 217572

"...What we don't need today is a greater supply of dollars. What we need is a greater demand for dollars. The way you improve demand for dollars is to take those steps that will give people confidence in the dollar and its purchasing power for a long period of time. Message 22494372 Such as? Raising interest rates, just as Volcker did, at a pace that is not measured, but rapid. ELMAT: It will suck USD into the US economy and deplete the countries where there's economic activity and no capital Wouldn't that come with a lot of pain? ELMAT: Yes,but not within the US! When you take away the punch bowl, you are left with the hangover. We have to recognize we've far exceeded our ability to live at the level at which this country has been living for the past couple of decades. There is going to be some pain and adjustment. But if the dollar's purchasing power is destroyed, as a consequence of not taking strong action the pain is going to be much greater. ELMAT: He's talking about pain elsewhere. Not in the US! In what sense? When Volcker raised interest rates, we had a severe recession, but eventually the adjustments led to a period of economic growth, and we continued to create new wealth from economic activity. ELMAT: This was financed by the capital exporting countries that have been indebted in the wake onf the two 70's oil shocks. Bernanke is already toying with the idea to "...create the Raising interest rates, just as Volcker did, at a pace that is not measured, but rapid." Just rememebr Bernanke-Bartiromo incident. Message 22490585 Once he's sure is doable he'll go for it. Problem is: Will it work?

To: Moominoid who wrote (6833)	5/29/2006 10:16:44 AM
From: elmatador	Respond to of 217572

Lucky they didn't arrest him as an illegal Mexican immigrant! :-)

To: Moominoid who wrote (6833)	5/29/2006 11:28:18 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217572

I did think I stuck out like a sore thumb, especially in my "Elvis" red flowery Hawaiian shirt. I guess I didn't look quite enough like AlQ to get people really suspicious, more like a crazy old geezer likely to get run over. There was a pleasant chap in the security booth at the vehicle entrance at HQ who told me photography was not allowed on the property. I wanted to get closer to get a decent photo. It's funny how in the good old days, I wandered into the Design Center and got in a lift and Andrew Viterbi got in too and passed a few comments on the way up. No security, locks, ID and stuff. Just nice people doing great stuff. That was in 1994. I suppose times have changed and now that QCOM has money, and loads of it, and is a big deal, everyone, including governments, want to take what they have instead of getting a real job and doing something themselves. It was amazing to see the majority of the area now QCOM occupied. Way back in 1977, I thought San Diego was the best place on Earth. Dr J figured that too long before. The Mira Mesa buildings looked like a new world dropped onto the dry landscape. Now they have faded after the biotelecosmictechdot.com crunch, but QCOM continues to boom. For lease and equivalent signs are everywhere. Those still in business are not buying new buildings all over the place. Nokia has been defeated in their CDMA "We Rule the World" plans. But they haven't accepted that yet and are in the process of litigation and negotiation with QCOM to try to chisel them down a bit on royalty and licence fees. It was a very interesting day. I want to know what is 'Qualistics'. I'll have to ask Google. Doesn't say it's part of QUALCOMM, but I suspect it is and has been spun off as a management company = good idea if that's the case: qualistics.com Mqurice