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To: Spytrdr who wrote (1446)11/27/2000 3:07:33 AM
From: Dave  Read Replies (3) of 2110
 
i always wondered what a terrible tragedy for mankind would be if Amazon ever floundered under the weight of its debt and the current intolerant market environment and lack of financing.

That's your idea of a "terrible tragedy for mankind?" You should read more history. Much more compelling tragedies befall us all the time.

I use Amazon. But if they disappeared tonight, and I needed to buy a book tomorrow, I would go to Barnes & Noble or W.H. Smith or Fatbrain or OpAmp or whatever. Amazon was nominally in the book business, but it's pretty clear that their real business has been moving numbers from Column A to Column B fast enough to keep the suckers guessing.

It's not Greenspan's job to finance failing ventures by printing money as though there's no tomorrow, which is precisely what he was doing at the end of 1999. Taking back those last few rate cuts was necessary this year.

Dave
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