Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ramsey Su who wrote (11969)	7/2/1998 4:52:00 PM
From: Gregg Powers	Read Replies (2) \| Respond to of 152472

Ramsey: The big problem with the punditry to date is that everyone seems to be looking for a point solution to a multifaceted problem. Japan has significant internal challenges that are structural in nature. At the same time, neighboring economies have self-immolated and this is severely depressing Japanese exports. Even if internal consumer demand perks up, Japan is still going to face a difficult macroeconomic environment. While the U.S. economy is in good shape, our stock market scares the daylights out of me. On one hand we have a very tight labor market, and a Federal Reserve itching to raise rates. On the other hand, we are facing the non-zero probability that the Asian currency crisis (now an Asian economic crisis) creates a deflationary spiral that plunges the entire globe into a world-wide recession. So, if Asia recovers, the Fed tightens and our market goes boom. If Asia continues to collapse, ultimately our economy falters and our market goes boom. Meanwhile, the silly season continues. In August of 1995, Westinghouse paid roughly $10bb (including assumed debt) for CBS. This acquisition included one of the three major television networks plus a bevy of owned-and-operated TV stations, successful record company and a film library. Today the market is placing a similar valuation on a three year old internet start-up with under $100mm in trailing revenue. All I can say is "yahoo"! Have a nice weekend everybody! Gregg

To: Ramsey Su who wrote (11969)	7/2/1998 7:07:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Ramsey, I had to print out Krugman's lot and spend a week trying to read it each night in bed. Of course I woke in the morning having made little progress. But it is Thanksgiving or something [maybe it's Independence Day] in the USA and they shoot turkeys for dinner. Be warned by Krugman - the money holders are the modern day turkeys and Japan yesterday announced another giant turkey shoot. They interviewed Krugman because his is the conventional wisdom. Like Hitler's Mein Kampf, Krugman means what he says - LET"S PRINT - THE WORLD NEEDS INFLATION - IT'S OUR DUTY TO HUMANITY. Well, if you are a turkey, you'd best find a nice dark cave to hide in. Or turn into a lion = a Mighty-Q shareholder. Printing won't collapse Asia, it will milk the cash savers. Who, being thrifty and industrious like so many worker bees, will buzz off to productive labor yet again, wondering why their honey pot keeps looking empty when they come home to the hive. Even Gregg is sounding a little demoralized [chin up Gregg] worrying about a huge deflationary spiral, stocks crashing and all that. Hell, I must be the only maniacally positive person left on the planet - though for every seller there's a buyer, so they are out there! Okay, prepare for the turkey shoot. Happy 4th July! I'm ready. Mqurice