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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.41+1.6%Nov 10 3:59 PM EST

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To: Bill Harmond who wrote (91049)1/14/2000 11:35:00 PM
From: Randy Ellingson  Read Replies (1) of 164684
 
The way Alan Greenspan put it, the wealth effect from the stock market is causing consumption at a higher rate than productivity allows for.

This is interesting. At first thought, I wouldn't believe it. However that's probably because I'm used to thinking about consumables produced using scalable modern automation techniques. What types of items would you point to as bound for limited supply? I can think of homes (likely?), automobiles (not likely, I'd guess). Food and clothing would seem to be OK. Digital cameras and printers would be OK, I'd think. Raw and building materials perhaps?

Randy
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