Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Skeeter Bug who wrote (124036)	4/23/2001 10:28:15 PM
From: GST	Read Replies (2) of 164684

Skeeter -- per your article "Consumers tapped the stock-market bubble as never before to support this record spending binge. But stocks were not sold to finance it. Instead, there has been an unprecedented, debt-financed, draw-down of personal saving. The personal saving rate currently stands at a negative 1.3% of disposable personal income, a level last seen in 1933. At the same time, mortgage and installment credit combined rose to a record of nearly 120% of disposable personal income by the end of 2000; moreover, margin debt on personal stock market investments hit a record $280 billion in early 2000." It was and is stunning. I think "balance sheet repair" is going to take another year or two.

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