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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.88-0.8%Nov 17 3:59 PM EST

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To: KeepItSimple who wrote (66349)7/5/1999 9:33:00 PM
From: Victor Lazlo  Read Replies (2) of 164684
 
<< The market, and nothing else, is keeping our economy afloat. Consumer saving has dropped below zero, >>

Wrong, kis. The govt's measurements of savings rates are completely antiquated, and everyone knows this. People are saving, just in different ways than they did 30 years ago. Did you know that your statement above ignores 401k and Roth IRA savings plans?

<< consumer spending is at an all time high, and credit card debt is at an all time high as well. >>

So are home equity values.

<< Here's a question: some point to commodity prices and say "Look, no inflation." But my question to you is this: is there ANY government measured statistic that would EVER show inflation caused by a market bubble?

What govt stat shows wage inflation? Look pal, I have been hiring people for my group at work for the last 12 years and it is incredible how much more we have to pay today to get the same level of quals we did 8 yrs ago.

You are ignoring the other side of the equation.

Victor
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