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


To: Elroy Jetson who wrote (17222)2/12/2004 8:01:06 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
Actually I always listen to soros and I think he's a lot more right than me on just about everything! LOL!

I only have one observation and that is that the offshoring of the labor market really hit the USA economy hard. But this is not a jobless recovery, it is a giant job growth recovery in India and China. Therefore if there was anything that could be done that would cause 20% of the jobs created offshore by US companies to be created here, you would have a chance at something of a mini boom. Soros's predictions all assume a steady state US economy, where my thinking is that a portion of India's boom is actually the US economy, interrupted.