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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Glenn D. Rudolph who wrote (142314)	5/18/2002 1:43:59 PM
From: Victor Lazlo	Read Replies (1) of 164684

The Basics Is the debt binge over? Consumers are scaling back their debts and planning to pay them down even further in the future, some early studies show. Can the economy stand it? The idea that consumers might actually spend less is, of course, anathema to many economists. Since consumer spending accounts for two-thirds of the U.S. economy, these experts fear any significant slowdown in spending means a puny recovery -- or, heaven forbid, a tumble back into recession. Some economists, however, are willing to at least consider the idea that less consumer borrowing might be a good thing -- both for families and for the economy in the long term. Our borrowing binge, after all, helped lead to a record 1.45 million bankruptcies last year, and debt counseling seems to be one of the true growth industries in an otherwise middling economy. money.msn.com

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