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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10346)	8/8/2004 3:12:46 PM
From: arun gera	Respond to of 116555

>it is not a pure zero-sum game they take 100 points, we get back 5-7 your math sucks you seem lame in the analysis> Any explanation/links about your numbers? They take 100 points, we get back 5-7. >MishMan put it well, where are the jobs?> There could be many reasons for lack of job growth. Blaming it on outsourcing without enough data is not a good enough explanation. Could it be that US companies have lost their nerve to invest after the last recesssion? It was only a few years ago that the job market was so hot that US was shipping 100,000 programmers per year from abroad. Some of your numbers: >for every 1 million jobs exported, they purchase a GE electric turbine (long way to go on that one)> Would that mean China has taken away 250 million jobs? pepei.pennnet.com GE Hydro enjoys a strong presence in China, where over 250 GE hydro turbines have been installed for projects across the country. >offshore firms do buy our IT equipment, but much of it is made in Asia, check the names behind China new plants like Lucent, and almost all PC's are made in Taiwan nowadays employees of foreign firms do buy home computers (made in Asia), cellphones (made in Asia), televisions (made in Asia or Mexico) do you do any research at all?> Yes. And they probably buy a lot of semiconductor manufacturing equipment from US manufacturers. So the overseas players play in the commodity market. Take huge risks for small rewards. While US corporations like Microsoft, Intel, and Qualcomm don't know what to do with their money. This game has been played before in garments. The foreign makers take risks for low profits, always risking their money and their employees jobs. US maker buys dirt cheap. Attach a designer label like Donna Karan, Calvin Klein. And a $5 item becomes a $50 item with the $45 taken over by the designer, US Ad companies, media, and retailers. And the rest of the world fights to make money on the $5. -Arun

To: Jim Willie CB who wrote (10346)	8/8/2004 3:30:49 PM
From: arun gera	Respond to of 116555

>for every 1000 jobs exported, they buy an ATM machine> Between 10,000 to 20,000 ATMs already. Does it mean 10 million jobs exported? Jim you better check your numbers. Don't get carried away. You make some good arguments and have good insights. www1.timesofindia.indiatimes.com -Arun

To: Jim Willie CB who wrote (10346)	8/9/2004 10:30:04 AM
From: microhoogle!	Read Replies (1) \| Respond to of 116555

for every 100,000 jobs exported, foreign nations purchase an MRI for every 1000 jobs exported, they buy an ATM machine for every 1 million jobs exported, they purchase a GE electric turbine (long way to go on that one) Did you pull those numbers out of thin air ? All you have to do is visit India (cannot speak for China but I suspect it is same there as well) and you will find the tremendous purchasing power of burgeoning middle class who is spending most of the money that is adding to the bottom line of US based corporations. I oppose current manner in which outsourcing is handled as well - albeit on different reasons than you stated. You seem to engage in disinformation (or pure ignorance in details) and then lecturing Arun for being a lazy analytical slob willing to give him 'D' grade. Now if you did not go into all the asinine details and told me that it is not a zero sum game, I would have agreed.