Re: ECON: Everything's free.
Tue, 9 Feb 1999 07:08:23 -0800 (PST)

Michael S. Lorrey [] wrote:
>If it were like we were completely starting
>from scratch and nobody made any money outside it, then I could see
>your point,
>but the money that is driving this at this point is supplied by working
>people in the real world.

You made some good points, and I'm no longer regarding Amazon as such a 'tulip bulb' bubble, but I disagree with this one. From all the economic statistics I've seen in the last few months the high value mostly seems to be coming from all the money the Fed is pushing into the economy to keep people happy so Clinton doesn't get kicked out of office.

People aren't making this money by working, they're borrowing it; as soon as interest rates go up and people stop borrowing, the bubble will burst. But by then the Senate trial will be over and Clinton will be laughing.