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: MulhollandDrive who wrote (11905)	7/30/2003 4:29:11 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

I'm more concerned with india or china, because most of the local large layoffs have been related to offshoring. The recent SEBL layoff was an offshore for example. Cisco, Applied, etc. all of these companies have half the employees they used to in the US. The other jobs are offshore. Microsoft is adding 6000 workers but what they didn't say is half of them are in india. IF all we can get from the largest tech company in a recovery is 3000 measly jobs we have no chance of denting this monster deficit. Notice the white house is "deemphasizing" jobs. Thats because they know there will be no job growth in the forseeable future due to offshoring of all administrative positions. What will it take to recover, I don't know. The next big thing maybe? BTW we can have a stock market recovery with no jobs as balance sheets improve. But eventually it will bite because the budget is whacked.