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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (68082)8/11/2006 1:05:37 PM
From: benwood  Read Replies (1) of 110194
 
With all due respect, I posit that the main beneficiaries of this -- "the major unseen effect of outsourcing of course is the money SAVED and thus employed ELSEWHERE" -- have not been recipients of new jobs in new industries, but instead the few wealthy and powerful corporate executives who've contrived to create vast piles of lucrative stock options and inflated compensation in every category including the cases where they've been incompetent and fired. I believe their pay has been inflated largely by the masking agent of sending jobs overseas and the recent bubbles.

Greenspan was the enabler in a sense, and when the punch bowl has been removed, it will be discovered by sheeple holding grand old American corporate paper -- GM, Ford, Disney et al -- that the vast profits their companies produced in the last 10 years will not have been invested for the future productive uses, e.g. high tech, efficient, lightweight, safe new cars or creative theme parks or brilliant digital widgets, but instead will discover the massive haul of greenbacks was siphoned off in a flash flood to the silk-lined pockets of the the pirates at the helm who've split Brasila Americana for international waters.
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