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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (46109)	2/12/2004 9:57:59 AM
From: smolejv@gmx.net	Respond to of 74559

sigh ... the answer is evident: YES. No hours worked, and GDP stays the same ... dj PS: and of course no tightening of interest rates expected...

To: Ramsey Su who wrote (46109)	2/12/2004 1:56:41 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<I want to ask Greenspan a question. May be he is a lurker here and would like to respond. If US companies ship all the jobs that can be outsourced overseas, would our productivity sky rocket? > Ramsey, I'm lurking. I asked our great and estimable idol, Uncle Al KBE and he said to tell you how it works. I have outsourced all my jobs, so I only have to play golf. I find it a great way to live. What I've done is shipped my capital over to QUALCOMM, who have invented some really whizz-bang cyberspace technology. The patent wall in the annual report really impressed me. It looked like the centre of the universe from which the energy pours forth and brings all into being. They have outsourced software development to India, ASIC making to Taiwan, handset making to Finland who subcontract to Vietnam, battery making to somewhere else. Using the cyberphones has been outsourced to China, Korea, Japan, and so on. Those people pay QUALCOMM for ASICs and royalties to use the know-how. QUALCOMM pays the coolies working in the ASIC design sweatshops and delivers the rest of the loot to me [and other shareholders, after paying King George II a big chunk to keep Islamic Jihad beyond the pale]. When I was hiring all-American, the cost was enormous. Since I started outsourcing and subcontracting to people who really need the money a lot more than the average Yank, I've got a LOT more bang for my buck, the coolies doing the outsource work, who were poverty stricken, can now afford those amazing CDMA-powered phragmented photon cyberphones, QUALCOMM employee stock options are looking better, King George II can afford to blow up anyone with an Islamic Jihad noocular bomb and I can play golf all day. And it's another beautiful day in Hobbitville, so I must go. I'm thinking of outsourcing my golf to Tiger Woods to improve my game. I don't think I can afford him, but there are a lot of Korean children and young people out here all over my golf course and they are VERY good - I'll ask them how much to play my golf for me. I want a low handicap and I want it now. Outsourcing is great. The people who most need the money get it. The people getting the work done get a better deal. The people who buy the products get better stuff cheaper. King George II can blow up more people and WMDs. I can go and buy a Lexus, a Cessna Citation and play golf. [I'm working on the Lexus and Citation; they are on the to-do list]. I think government should be outsourced to a reconstituted United Nations, but I'll leave that for now. I think I got what Uncle Al told me to tell you about right. Mqurice