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

To: John Chen who wrote (44896)	11/20/2005 3:29:48 PM
From: Elroy Jetson	Respond to of 306849

This highlights the significant difference between money and credit. When one person's liquidity lost, is another person's capital realized. This comment is true of money, but it is not true of credit. When credit makes up a large part of the "money supply", everyone can lose liquidity at the same time. This is why credit is not money. This is also why what the Federal Reserve calls the "Money Supply" is not. .

To: John Chen who wrote (44896)	11/20/2005 3:51:39 PM
From: arun gera	Read Replies (2) \| Respond to of 306849

>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.> You may be right about software development work. However, business process outsourcing in other specialities is just 5-10 percent complete. Again the technical services (e.g. technical support) are leading the move - all large ISPs (AOL, SBC Yahoo, Earthlink) have centers in India or Phillipines for technical support. -Arun

To: John Chen who wrote (44896)	11/20/2005 10:13:07 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 306849

"One person's liquidity lost, is another person's capital realized." You've lost me now. When the bubble burst in 2000 it removed billions from the wallets of everyone invested in the sector. Who gained unless they sold near the top and that wasn't very many people certainly not enough to fuel another bubble. This RE bubble came about out of necessity and the capitalization in this RE bubble materialized out of thin air. It had to in order to correct the devastation from the tech wreck. Now, watch and learn.....the dike is showing cracks.