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

To: ild who wrote (68082)	8/11/2006 12:18:43 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

I don't want to discount trotsky -- but this market looks awful as a whole -- transports can get it up.

To: ild who wrote (68082)	8/11/2006 1:05:37 PM
From: benwood	Read Replies (1) \| Respond to of 110194

With all due respect, I posit that the main beneficiaries of this -- "the major unseen effect of outsourcing of course is the money SAVED and thus employed ELSEWHERE" -- have not been recipients of new jobs in new industries, but instead the few wealthy and powerful corporate executives who've contrived to create vast piles of lucrative stock options and inflated compensation in every category including the cases where they've been incompetent and fired. I believe their pay has been inflated largely by the masking agent of sending jobs overseas and the recent bubbles. Greenspan was the enabler in a sense, and when the punch bowl has been removed, it will be discovered by sheeple holding grand old American corporate paper -- GM, Ford, Disney et al -- that the vast profits their companies produced in the last 10 years will not have been invested for the future productive uses, e.g. high tech, efficient, lightweight, safe new cars or creative theme parks or brilliant digital widgets, but instead will discover the massive haul of greenbacks was siphoned off in a flash flood to the silk-lined pockets of the the pirates at the helm who've split Brasila Americana for international waters.

To: ild who wrote (68082)	8/11/2006 9:13:28 PM
From: shades	Respond to of 110194

Token Ring what makes sense individually ALWAYS makes sense on a macro level as well. I was a network engineer - I was even certified in it at one point - hehe - some things just don't scale well - those token ring boys sure hated those ethernet guys with their switches and bridges - hehe - I guess trotsky needs to go back and read the "trajedy of the commons" debate again - what is good for the individual will be a nightmare for the community overall. Our republic has not scaled well to increasing numbers of voters - we need an overhaul of the network - hehe 250 states! Our banking system has not scaled well to an increasing number of loantechs sticking it to people that can't sustain the debt for a short term bonus - we need lots of overhaul in many places. why would economic laws become inoperable just because the scale looked at is bigger? He just lost a lot of brownie points with me - does he have any engineering credentials at all? "...In every western country there has been some political backlash against the job outsourcing to India, even though, according to a report of McKinsey, for every dollar of work outsourced to India, the U.S. gains $1.12-$1.14." The US in aggregate may GAIN it - but it goes into big CEO paychecks while j5p on the street starves trying to find someone to rob so he can pay back loantech. Kessler talked about this - if the gain is not distributed more equitably - we are going to have protectionism - no way around it. outsourced to India, capital is freed up for better use, BWAHAHA - more high priced hiedi fleiss hookers and more jets and more hardwood floors - BETTER USE MY ASS! I aint getting the high priced hookers - are you getting them RUSS? creating new - and presumably better - jobs in new industries. NO - WRONG - I already went over this with my post here to Arun Gera. J5p is not going back to school to be a biotech scientist like bob cor and discover the tech that makes us all immortal - he was already at the pinnacle of his intelligence. There is only so much innovation to go around with princess who never got a great science background as a child or teenager!! Posters here on SI telling me they watch fear factor with thier 5 year old daughter instead of Mr. Wizard! They go shopping at the mall with thier 10 year old mini me clone princess for new jeans instead of a nature walk observing all creatures great and small or a science museum! BOOYAH BABY! why anyone would believe that the increasing division of labor is suddenly a 'bad thing' just because it has gone global is truly beyond me. Do what? Mish posts article after article of j5p suffering while rich elites get tax cuts and 600K paychecks! Bhagwati said the rising tide lifts all boats! of course this rational approach is not a vote-winner, Trostky has one too many silver spoons in his mouth - he needs to come stay with some of my unemployed redneck friends who cant feed thier babies and tell them what idiots they are and how GOOD outsourcing is for them while the rich banker down the road has a new Jet he just flew hiedi fliess in on! which is why many politicians , eyes firmly fixed on YOUR wallet, will utter platitudes about 'fair trade' and the like. it's an appeal to the public's emotions - xenophobia and protectionism ALWAYS sell. Not always - for the past 20 years princess and her sucker husband have been buying made in china - but times change. this post wouldn't be complete without Bastiat's famous petition of the candle-stick makers - who want to outlaw the sun, since its rays are impertinently imported FOR FREE - which naturally hurts domestic producers of candle-sticks, lanterns, street lamps, etc. I have never used a candle stick or a flashlight during the daytime - I wonder if RAYOVAC batteries sell well in Alaska when they have 6 months of continous sunlight? hehe