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

AMZN 233.23

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To: GST who wrote (39872)	2/13/1999 3:01:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

GST, < if I go to Las Vegas and put 50 bucks on red 9 -- I am saving, yes? > This is not a good example. The simple explanation is that personal consumption exceeds personal income. Capital gains are not counted in personal income, even though they provide the funds for the excess consumption. Personal income includes wages, dividends, interest, rent... In other words, we are living beyond our current means because we are spending some of our past savings (capital gains). -Sarmad

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