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

To: Oeconomicus who wrote (147242)	9/10/2002 4:06:42 PM
From: fedhead	Read Replies (1) \| Respond to of 164684

This is a very different recession than that prevailed in 1991 and 1999. I know in our industry , people finding work after layoffs have to settle for a 15 to 20 % pay cut.That doesn't sound like a healthy recovery. Greenspan is betting that if he can shore up the consumer by making them take on more and more debt till the corporations resume spending. In the process he is ensuring that the US consumer is in an extremely precarious position should the downturn continue. I would look at the japanese experience after their bubble burst as a better guide as to what is happening now in the US. Anindo