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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (122267)	3/31/2001 1:03:39 PM
From: GST	Read Replies (1) of 164684

Sarmad: You have it backwards <With these dollars they bought stocks> I am talking about the money that we don't save -- and others do. That money -- savings -- found its way into debt obligations. We borrowed money to finance our companies and our lifestyles. The "value" of the companies may not be there, but the debt still is. The personal and corporate debt can be wiped out by bankruptcy -- or increased saving. The sovereign debt can only be wiped out by inflation -- or saving. Sorry Sarmad, we got left with the lion's share of the worthless stuff -- the equity. Did foreigners lose money? Sure. But they disproportionately put their money into debt obligations.

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