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

To: KeepItSimple who wrote (54172)	4/29/1999 7:24:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

KIS (or anyone), question for you regarding inflation, when we experienced inflation last time - which was the early 80s I guess - was inflation evident in every aspect of the economy or just a few things? Because now for example there is no inflation in: food, clothing, airline tickets, stamps/shipping chgs. There is inflation in: gas prices (a bunch of issues there), movies, healthcare. I'm just wondering if this divergence existed before.

To: KeepItSimple who wrote (54172)	4/29/1999 7:55:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Kis, I hear you. I don't want to appear egotistical, but I bought a home 5 years ago in my home town of Seattle, on lake Sammamish for $650k. I sold it a few months ago for $2mil, to a stock option yuppie. The bad news is, I then had to buy a Seattle down town condo for $1mil. That, 5 years ago, would have been worth $300k, except that it hadn't been built back then. This is my point, the press has been running, printing $money, stock options, which the rewards have given liquidity. I think you've seen my posts before. In the final event, before death, $Cash is king. Alway's will be. It's a fact of life. Kis, I respect you but, I think your timing sucked.:-)))) Ps I think that you and I are alike. We both resent stock options because that was just before our time.

To: KeepItSimple who wrote (54172)	4/30/1999 6:37:00 PM
From: Greater Fool	Read Replies (1) \| Respond to of 164684

>>there IS rampant inflation going on Inflation is not when asset prices rise, it's when the cost of production rises. I sell my Amazon shares for more than I bought for them not because it cost me more to produce them but because people are willing to pay more for them. So far the economy has grown faster than it "should" be able to without producer prices rising. The only way this can happen is if productivity rises, and one of the theories is that the rising productivity is driven by computers and the internet. (This would help explain the valuations of net stocks, eh?)