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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (39739)	10/17/2003 2:42:01 PM
From: NOW	Read Replies (2) \| Respond to of 74559

"said it plans to hire 10,000 workers next year" in India...

To: TobagoJack who wrote (39739)	10/17/2003 2:47:21 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>... plenty of jobs at lower pay<< Ah yes, the boogie man is coming to get you. Reality - average hourly earnings growth in the US, driven by productivity gains, has been strong since the early '90s. This has not changed through the recent recession. The data: data.bls.gov

To: TobagoJack who wrote (39739)	10/17/2003 2:51:14 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Jay - There's a lot of disagreement over the US economy - heading for a faster recovery or a failed recovery. Most of the new data is comming down on the faster recovery side, an the data points are very strong - well above noise level. The negative datapoints tend to be samller and down toward the noise. There's then a secondary argument - " Is this recovery & profit growth priced into the market already ?" A big jump in GDP growth will produce big profits, since there has been extensive cost control. This will also lead to accelerated hiring, as companies are very lean. I'm betting on US / Asia growth - Metals - N, PD, BW, BHP, PAL, FCX Natural gas - TMR, SJT, KCS, AVN.un, ROYL Countries - Japan EWJ, MJFOX, FJSCX ; Korea, EWA ; Austrialia, EWA I'm avoiding NEM, but may get back in.... Note that China's growth in Q3 was at a 9.1 % rate. US growth is expected to be 6-7 % for Q3.

To: TobagoJack who wrote (39739)	10/17/2003 6:53:56 PM
From: Canuck Dave	Read Replies (3) \| Respond to 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