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

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: GST who wrote (145203)	8/11/2002 3:42:25 PM
From: Bill Harmond	Read Replies (4) of 164684

Sounds pretty cynical, GST. I think this country does a good job of balancing our ideals and interests. Hasn't always been that way, of course, but in the modern era we have the confidence and experience to believe that our system works best and we can easily afford our highest ideals. The more we paractice them, the more prosperous and stable we seem to get. It may come as a surprise, but the US spends one of the world's smallest percentages of GDP on its military. We're that rich and that good. Since WWII there have been periods when we spent twice the percentage we do now. The other matter is oil. Oil isn't the big issue many think, though stability of Saudi Arabia as a swing producer is still critical. However the oil producing countries arent prosperous enough any longer to use oil as a weapon. They need steady revenue to keep their social programs (read governments) going. Oil itself is plentiful worldwide, and the Middle East is declining in importance.

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