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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: Victor Lazlo who wrote (121925)	3/28/2001 2:13:45 AM
From: Alomex	Read Replies (1) of 164684

This obviously omits small business/family bus ownership (completely unkown to people in most countries of the world), IRA's, 401ks, 403bs, Education Savings acounts that are in fact sponsored by our own state and federal governments, and home equity. That is my biggest beef with the savings figure: Home equity. Say if you own 40% of a $1 million abode and the rest is mortgaged, this is not registered as "this dude has $400K saved". Instead it appears in the savings statistics as "this dude has a net debt of $600K-400K= $200K". In the case of a home, this is completely unrealistic. In practice if times got really tough you would sell the house at, say, a firesale price of $800K, pay the mortgage and have $200K left. In other words your net savings are $200K at the very least. This is the complete opposite of what the economist said. According to him/her your net savings were minus $200K !!

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