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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (17418)	6/15/1998 12:20:00 PM
From: joe	Respond to of 45548

Dave, Commodity prices are going down, and so is inflation in general. But what's most worrysome for Greenspan (when is this guy not worried, right<g>) is that wages will go up putting pressure on earnings and causing companies to increase prices. He thinks if the economy speeds up a little faster compared to Q1, which was very fast, then unemployment will get so low, that wages have to go up, and therefore create higher prices. That's the idea. Lots of people don't think this will happen, since companies don't have any pricing power at all, making it too difficult to raise peoples wages. One thing that may change soon - the economic numbers relating to production seem to be slowing down because of ASIA, which might cause a few more layoffs, and a slowdown in production, which the Fed would interpret as a barrier to raising wages. This would cause him to lower interest rates -- seeing the ASIA problem become our problem (causing a slowdown in GDP) We make $$ when people get laid off - weird huh? Dave, do you know where I can locate the news about Eric B. stating inventory is under control? Also, do you know what our THREAD TURKEY - CRAWFORD is talking about when he says there's more 3Com news? thanks, joe