Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (122296)	3/31/2001 7:59:23 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> I don't have time to do a personalized research report for you today And I wasn't expecting that. I should have phrased it as "do you know, off the top of your head, of a source for this kind of data?" Anyway, I am reluctant to accept your conclusion that continuing current account deficits automatically mean that our fine citizens borrowed money from outside and bought stocks. What did they use for collateral ? Their homes? Part of your model is they did not have savings. Either that, or their loans are unsecured. And what bank will lend on that basis ? I have not read about home repossessions to pay for stock purchases. Without doing additional personalized research for me, have you read of any such thing ? How about the 1 million bankruptcies ? are they for stock ? probably not, since that has been happening before the bubble burst. And in any case the creditors are american banks. So I just don't see where is the supporting evidence for the idea that americans are buying stock with borrowed money. Yes there is a large deficit (I don't know the diff between trade def or curr accnt). But what conclusions to draw ? I don't know ?