Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 233.76

+1.0%

9:31 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Victor Lazlo who wrote (125572)	5/25/2001 11:30:45 PM
From: craig crawford	Read Replies (1) of 164684

Good article taken from the clown thread (some of the other articles I post here are taken from there as well). markets.ft.com The impotence of monetary policy The US downturn echoes 19th century investment cycles, suggesting there is little the Federal Reserve can do, says David Hale Published: May 24 2001 19:36GMT \| Last Updated: May 24 2001 19:40GMT (excerpt) The capital spending boom of the late 1990s resulted from an unprecedented flow of money into the technology sector from a variety of different channels. The value of venture capital funding shot up to $114.6bn in 2000, from $4.4bn in 1995. Venture capital funding in 1999-2000 was equal to 70 per cent of all venture capital funding during the past two decades. The value of equity initial public offerings for the technology sector surged to $37.5bn in 2000, from levels of $2bn-$3bn a year during the early 1990s. The junk bond market provided $200bn of funding for new telecommunications service providers between 1997 and 2000. US commercial bankers also became more enthusiastic lenders to the technology and media sectors because of their new powers to underwrite debt and equity. It is not surprising, then, that business spending on information technology emerged as the economy's principal growth engine during the late 1990s. Between 1995 and 2000, IT spending in constant dollars grew from $227.5bn to $713bn and represented nearly 25 per cent of all gross domestic product growth. These unprecedented increases help to explain why there are no good historical comparisons for the slump now occurring in the technology sector.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next