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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Dell-icious who wrote (36392)	1/24/1999 5:58:00 PM
From: Bill Harmond	Read Replies (1) of 164684

If china devalues that puts downward pressure on wages around the world. It effectively devalues labor. American consumers are workers, too. Sure a lot of us are employed in services, but we can't save the economy by giving each other haircuts. A devaluation from China would cause another round of competitive devaluations around the world, and lead to stresses in free trade (like Clinton spoke to in the State of the Union), perhaps tariffs to save our industries. Smoot-Hawly redux. Anyone earning a manufacturing wage or carrying debt will be stressed immensely.

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