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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%3:59 PM EST
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To: GST who wrote (111461)10/29/2000 11:27:22 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
>> then the same foreigners who have plowed money into our markets could ask for it back

Thanks for answer. I think there is an extra element, though. I have the feeling that approx $500 billion in US dollars are now used as currency outside the US for transactions and trade. As long as the dollar stays stable, those dollars are not coming back. They are just a bonus to the US central bank. Also a lot of the trade deficit dollars are invested in real property in the US, and it is not likely to run away under any reasonable conditions. Of course, speculative money, like what prince Alwaleed does, are a different story. But what percentage is that ?

Maybe this is why so far the trade deficit has not caused the expected dire results. Of course there is always tomorrow!
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