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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.70+0.1%9:39 AM EST

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To: GST who wrote (139167)2/12/2002 3:31:22 PM
From: Bill Harmond  Read Replies (3) of 164684
 
>>AG had to derail the worst mania ever seen in human history before it destroyed the economy.

Off on all three counts.

AG took back the liquidity he put in during late 1998 (Asian crisis) and 1999 (Millennium), in spite of the fact that the US economy was growing at 3-4% through that period, because the CPI was starting to spike. He didn't target the dot-coms.

If you think inflated dot-coms threatened the $10 trillion US economy you have miscalculated. The fact that the economy is having one of the shortest shallowest recessions ever in spite of this tech-spending freeze (AG's stated unintended consequences in his SF speach a few weeks ago) is proof to the fact.

I'm taking leave from our discussion for a while. I think we've made our points.
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