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

To: DOUG H who wrote (11046)	3/31/2004 11:57:10 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 110194

this outsourcing report is pure bullshit when capital investment is placed abroad in new plant & equipmt when technology transfer is freely given abroad when jobs go abroad... it is a net loss of jobs, income, wealth all replaced by debt the only domestic sector enjoying benefits is info tech their equipment is essential in the outsourcing process we have clear vested interests here this report is not put out by labor unions it is put out by corp executives the supposed benefits are greater profits, which spawn new jobs domestically this is pure bullshit the benefit is reduced costs, and lower losses EBIDTA the alternative is often business shutdown the outsourcing of jobs is in acceleration mode / jim