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

AMZN 233.22

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Nov 28 9:30 AM EST

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To: Oeconomicus who wrote (132358)	10/2/2001 1:29:34 PM
From: GST	Read Replies (3) of 164684

Thanks Bob -- "We are not Japan." I guess the question is in part what can we learn from Japan's post-bubble experience, all of which seems to be bad. The cut rates to zero and used so much fiscal stimulus that they have wrecked their public finances -- yet they are in worse shape than ever with a recession that, if anything, is worse now than it was ten years ago. The most devastating critique is Krugman's "liquidity trap" and I refer you to that because he writes a lot -- I understand he had an article in the New York Times this past weekend where he suggests that we are not as different from Japan as we might think -- hence the risk of a liquidity trap. I think you might find this interesting, even if you don't entirely agree with it.

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