Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (39739)	10/17/2003 6:53:56 PM
From: Canuck Dave	Read Replies (3) of 74559

Finally, something sensible. The reason that California is losing jobs at a horrific rate is not because of the workers comp system or the fact that most employers need to provide health care. The reason is that the average house price in the San Jose area is around half a million dollars. Even if, say, an engineer did not need to eat, buy a car, etc, he would still need to pay rent or a mortgage. His mortgage is more than the monthly income of the same engineer in India or China. financialsense.com And the endgame is going to be presided over by Ahnold, (a foreigner), who actually represents a consensus, to wit, dumb populism. These are indeed strange times. CD

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