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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (7069)	2/5/2004 10:13:27 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I doubt he was trying to telegraph anything about tomorrow. He was trying to tell everyone that everything is ok. Thus the contradictory BS in three places about jobs M

To: yard_man who wrote (7069)	2/6/2004 9:02:11 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I have a college student on my board. Goes by the name of bankingintern Here is what he said this AM ========================================================= Capital costs less than labor, companies use capital no big shock. Law of unintended consequences from some of the bush tax cuts to get the economy moving again. All the labor that can be moved out of the country is being moved, but if we replace the labor that isn't movable with capital what the heck are we going to DO in this country? I don't know what it is but something is broken in the labor markets. JP Morgan was on campus today with a nice suite in the campus hotel with an open bar so I went over, can't pass up some free drinks right... They're going to be hiring in 2006 and showed up to let everyone know, but I mentioned to the recuiter the article in CFO magazine about them shipping financial analyst jobs to india. So I asked why, and got the "cost" thing. I had a few free drinks so I said, "well if cost is the reason, I'm willing to undercut those guys by 15%" The recruiter said, "oh no we can't do that" Then I said, "I'll go 20% less". The recruiter said, "our corporate policy won't let us do that"