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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.37+0.3%3:59 PM EST
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To: GST who wrote (121858)3/27/2001 7:56:23 AM
From: Sarmad Y. Hermiz  Read Replies (3) of 164684
 
>> they mount at almost a billion dollars per day, every day, all year long, year after year. We are not even paying the interest.

GST, There must be some other factor at play here. Otherwise, with all this mounting debt, we would all be destitute. I think the part of the puzzle that was not stated in your post is that in fact there are assets the foreign debt holders can buy with their dollars. They are free to buy California real estate, or buildings in Manhattan, or Columbia's film library. So the debt does not need to be repaid in Yen or Rinminbi. If these creditors feel like it, they can just buy stock in Yahoo with their dollars.

I also have the feeling that the $4 trillion that evaporated from NASDAQ wiped out several hundred billion of foreign debt.
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