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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Oeconomicus who wrote (142027)	5/1/2002 7:40:02 PM
From: GST	Read Replies (2) of 164684

The current account deficit has become a bubble in its own right -- currently running at a $500 billion annual rate. I think it increasingly unlikely that we will find anybody this year in other countries with an additional $500 billion to lend to us at current interest rates -- now we will see what happens when we count on foreigners to do our saving for us -- it means we lose control of monetary policy at precisely the time when we are on a fiscal ramp-up for an ongoing war against terrorism -- the future does not look bright, and it is far more serious that a "soft" economy. It will take more than a new line of trucks from General Motors or a few more housing starts to turn the tide.

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