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

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

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To: Oeconomicus who wrote (132532)	10/4/2001 1:07:39 PM
From: GST	Read Replies (1) of 164684

Bob: The question I keep asking myself is, what is the impact of this? siliconinvestor.com If we take 2 million jobs out of the economy in one year, that is roughly what? $75 billion in income? $100 billion? If the $50 billion in tax rebates go to consumers, and if consumers go to Walmart, good for Walmart. The vast majority of things sold at Walmart are from China. Good for China. And they have been willing to lend us money to "stimulate" our economy (small wonder LOL). But with unemployment rising. With people increasingly concerned about their ability to earn a living, what is next? So now we add $60 billion back in as "stimulus". The Chinese will lend it to us, albeit at a higher rate. But what will be the net result? If it ends up i the stock market, which is sure as heck whre it seems to be headed as per the last week, then the economy does NOT get a boost IMO. It gets asset price distortion. Asset price distortion is small comfort to somebody sitting in the waiting room, filing for unemployment.

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