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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Jeffrey D who wrote (19570)10/15/2003 12:59:53 PM
From: sea_biscuit  Read Replies (2) of 42834
 
The employment numbers are dismal, even after the massaging and smoke-and-mirrors. The statistics make no allowance for drop in wages, for instance. Good paying jobs are vanishing and ending up in India and China where you can get the same expertise for 1/4 to 1/5 of the cost.

So, a software test engineer earning 75K might lose his job and a few weeks later, be picking horse doo-doo in a county fair for $6 an hour. But in either case, he is counted as "employed".

In my view, Greenspan has created a Bubble Jr. When this thing blows up, I wouldn't let anybody tell me that he/she didn't know what was going to happen!
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