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

AMZN 238.12

+0.6%

10:31 AM EST

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To: Bill Harmond who wrote (135898)	12/16/2001 9:59:15 PM
From: GST	Read Replies (3) of 164684

LOL -- "trade effects AND marketplace effects" -- Bill, try logic rather than meaningless mumbo jumbo. The discussion article published by the NY fed posted by you concludes as follows: "... because of the downward trend in private saving, the United States must continue to rely on foreign capital to maintain an adequate rate of investment spending." We are piling up debt. Because we don't save enough we import capital to invest and buy things. Because we are borrowing from foreigners there are currency implications now, and currency implications later. The effect now is to support the dollar at a high level as we sell assets and debt. The effect later is to depress the value of the dollar.

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