Amazon’s brand awareness and reach is enormous. A large percentage of the people on earth have heard of Amazon and many of them have made a purchase through the online retailer. It has grow from being a baby business that sold books across the internet to being a powerhouse of selling almost anything you can think of. The company has acquired other smaller companies and have tapped into new markets like clothing and grocery. Amazon has made its stamp on the world by priding itself on being a fast deliver of orders to customers. The company continues to push itself and step into new markets and industries. Some question Amazon’s motives. Some wonder if the online giant is aiming to create a monopoly for itself.
Why Buffett, Dalio Et Al Are Holding Cash and Other Safe Havens – Ted Baumanhttps://t.co/JVTIAeFtpL#NASDAQ #SP500 #NYSE #Assets #Retirement #Commodity #Money #Investing #Commodities #Resources #Economy #Politics #Trading #Stocks #StockMarket #CMT #BanyanHill pic.twitter.com/mieEsrHbEe
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ail/submission/6455842/Ted_Bauman”>Editor and economist Ted Bauman
Ted Bauman is an editor for Banyan Hill Publishing. His newsletters reach hundreds of thousands of people. He has become a respected voice in the financial industry. He typically writes on stocks, security and other forms of investments for his readers. He has spoke several times about large companies and their effect on the economy.
Some have compared Amazon’s effect on the economy as the same as when Sears first launched its catalog in 1888. Nine out of twenty products that Americans are buying are coming straight from Amazon. Some economic experts are thinking Amazon will control half of the purchases done online in the next three years. A lot of people are thinking this will lead to a monopoly. Ted Bauman disagrees.
However, Ted Bauman does see some potential downfalls that the company cold face. He wonders about data security. Being a large company with a lot of data about customers could lead to a data breach. He also wonders if the government will get involved due to how Amazon squeezes suppliers to cut their prices. He also wonders if there will be a shipping rate war between the three main carriers as Amazon causes them to lower prices in order to be able to deliver their products. Only time will tell what will become of Amazon.