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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Bill Harmond who wrote (121798)	3/26/2001 8:01:53 PM
From: GST	Read Replies (3) of 164684

Bill: "But we're debating trade superiority, right? Take the US out of the picture and the global economy collapses". This year the US will import $400 billion more in goods than it exports -- a $400 billion dollar trade deficit. I do not see how that can be called "trade superiority". The citizens of the US have decided to borrow money, endlessly, from our foreign trade partners to keep the spending spree going. Would the rest of the world miss our spending spree? You bet! But when I go to the store with my credit card and spend money that I cannot afford to repay, I do not feel "superior" -- I feel like I am living on borrowed money -- maybe on borrowed time. Eventually something has to give. Eventually, saving a little money has to come back in style in the United States. Eventually we all have to be able to say "I lost a lot of money when the bubble burst, and I learned not to put all my money into stocks, especially the high-risk variety -- and I learned that having money in savings actually makes sense. It cost me a fortune, but I learned my lesson". How about you Bill -- learn anything yet?

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