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

To: Proud Deplorable who wrote (44890)	11/20/2005 10:57:09 AM
From: John Chen	Read Replies (3) \| Respond to of 306849

ralph-emerson,re:"that is not the way I see it". Exactly. One person's liquidity lost, is another person's capital realized. Depending on the color of the glass, a person's orientation/bias, job-loss, job-gain is a wash. The significant job loss is the IT/engineering/xxx offshoring. It's almost complete, since we don't hear it much. It's pretty much standard procedure for US corp. not to develop on-shore. This is the fruitful result on years of offshoring to access the vastly available (billions) of cheap talents. You can't find the equivalent talent in US for 5 to 10 times of salary due to cost of living difference.