Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: J. P. who wrote (8244)	1/20/2003 9:53:04 AM
From: Les H	Respond to of 306849

Many people are taking out too much mortgage debt sunspot.net For years, the rule of thumb among lenders was that the monthly mortgage payment, including property taxes and insurance, should not exceed 28 percent of gross monthly income. Add in credit cards, car loans and other installment debt, and the recommended total debt was not to exceed 36 percent of gross income. But these debt guidelines were loosened in the mid-1990s with the introduction of automated underwriting. These computer programs from Freddie Mac and Fannie Mae, which buy mortgages from lenders, look at many factors, such as the borrower's down payment, credit history and the likelihood of repaying bills. "Twenty-eight and 36 is a thing of the past. We see debt ratios that exceed 50 percent all the time. Sometimes it can go up into the 60s ... rare, but it happens," said Walters, who sells loans on the secondary market. More often, though, the total debt amounts to about 38 percent of income, lenders said. Tech cutbacks could stifle firms' futures usatoday.com Auto suppliers brace for slowdown chicagobusiness.com

To: J. P. who wrote (8244)	1/20/2003 10:38:23 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Outplacement firm predicts more troubles for the IT sector during 2003 computing.co.uk

To: J. P. who wrote (8244)	1/20/2003 3:07:53 PM
From: MSI	Respond to of 306849

DON'T BUY AMERICAN -- GOV'T POLICY Economic warfare against the U.S. such as this is ignored by Washington: "This backlash is bound to grow in the coming six months and we have to find ways of dealing with it," Wipro Vice-chairman Vivek Paul said" This kind of thing will create backlash, and rightfully so: "The outsourcing will continue and they can't stop it even if they try to lobby," says Kris Krishnakanth, the head of Headhunters India Makes you want to say, "Oh yeah? We'll find a way to slow it down, just watch." Of course, that requires finding those in Congress and the administration who care about American interests, which is almost impossible... U.S. Gov't officials are more easily bribed by India and multinationals than by citizens -- that's the fundamental problem. And this -- a good example of why American workers will get the shaft by Bush, Congress and bribe-paying multinationals: Just how sensitive the issue has become was evident when Paul refused to give details of Wipro's deals with Microsoft. He indicated that Microsft did not want to publicise its deals because of domestic fears Time to boycott Microsoft, and take a Tax Holiday until gov't officials acknowledge the "Don't Buy American" policy of gov't and multinationals, who suck the blood of American tax dollars, and spread that wealth overseas.

To: J. P. who wrote (8244)	1/20/2003 3:37:07 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

This backlash is bound to grow in the coming six months and we have to find ways of dealing with it," Wipro Vice-chairman Vivek Paul said briefly, while speaking on his company's third-quarter performance. "The outsourcing will continue and they can't stop it even if they try to lobby," says Kris Krishnakanth, the head of Headhunters India. Paul predicts that as global IT spending dwindles, "India will stand to gain" with more contracts. That, according to an IT consultant, is precisely is the worry of American jobhunters if not American companies. Whoa, this reminds me of the attitude the japanese had in 1990. There is ample evidence that when outsourcing goes to far, vision and ingenuity stop as far as US corps are concerned (I2 an example of this). I suspect the growth rate for global IT outsourcing has already peaked.