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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 222.55

-4.4%

Nov 18 3:59 PM EST

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To: Glenn D. Rudolph who wrote (63663)	6/22/1999 12:12:00 PM
From: Lizzie Tudor	Read Replies (2) of 164684

Glenn, I think his point is that I don't think the exploding real estate values out here mean much as far as the US economy is concerned. Some people here share KIS' view that this huge bubble in housing costs (which they attribute to Greenspan's "loose" handling of the money supply) will eventually unravel causing a deeper recession than we would have if things just slowly escalated upwards. The problem is that I'm a texas native and I already saw this happen to the Dallas area in the late 70s/early 80s. Dallas was cheap, then Dallas got WAY expensive, then Dallas collapsed. And nothing happened to the rest of the country. It is true the people in Dallas experienced a lot of pain though, especially if they were leveraged.

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