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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST
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To: H James Morris who wrote (59320)5/31/1999 7:24:00 PM
From: KeepItSimple  Read Replies (2) of 164684
 
>I'm not suggesting a recession (with continued consumer spending that can't happen)

In Greenspan's speech last week, he estimated that 85% of consumer spending is being driven by stock market gains.

If the market tanks, we've got a recession. Our national savings rate is already negative.
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