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

AMZN 220.66

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3:59 PM EST

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To: Victor Lazlo who wrote (122009)	3/28/2001 8:44:57 PM
From: GST	Read Replies (1) of 164684

Victor: Ok, but let me ask you something. Lets take buying a house. You invest money as a down-payment to buy the house and you have what? Equity in the house. You are the "owner". And you borrow the rest - but from whom do you borrow the rest? You borrow it from an intermediary -- yes? And from whom does that intermediary get the money? From a saver. So you have a saver who finances the debt you owe and you are the owner who holds the equity. No problem having equity in a home -- smart move almost always -- but it is not savings. The only savings is the money you borrowed from somebody else -- you borrowed their savings so you could become a home owner. If nobody saves, interest rates go up and up and up. We import our savings - this is not wise in the long run.

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