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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: BGR who wrote (151214)	1/1/2003 11:01:44 PM
From: GST	Read Replies (1) of 164684

Right. That is also why the Fed cannot seem to get the economy going again despite low interest rates. We can reflate -- it is not impossible. But the forces of deflation have been underestimated. The reflation can bring new problems of its own -- I am not clear in my own mind if the Fed can reflate, but I do beleive that AG is truly worried about deflation. Lord knows, they are worried about it in Japan. Prices are steady for most things in China, but I am shocked at the growing purchasing power of many people here. I am somewhat hopeful that China's emergence will prove to be a rising tide that lifts all boats -- but right now that sounds too much like wishful thinking.

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