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

AMZN 242.94

+1.5%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (87083)	12/11/1999 3:16:00 PM
From: GST	Read Replies (2) of 164685

Glenn: If I have a bank account with money on deposit, and if I decide to withdraw money from that account, there is no increase in money supply -- I have changed my money from one form to another -- from deposits to paper. This is, I believe, what you are talking about. What the article I posted is talking about is an additional $196 billion CREATED in deposits by the Fed -- this is liquidity. This is not merely having more cash available to change money from deposits to cash. It provides the fuel that launches rockets in other parts of the economy -- the stock market. If you look at the ramp-up in liquidity and the ramp-up in the Naz -- well, unless you are William, you will see that there has been a lot more fuel on the fire for the past few weeks. If it is Y2K fuel, where do we go after the party?

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