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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (17865)	11/18/2006 12:08:00 PM
From: axial	Read Replies (1) \| Respond to of 46821

“We really are seeing very serious concerns right now from just about every one of our clients. Two years from now they are really starting to panic...and this is on booked work,” Some of the cherished myths about our way of doing things are on their deathbed. Shortages of qualified tradesmen? There are outbreaks everywhere. Power shortages? More outbreaks, usually covered by a Band-Aid solution of local generation using precious and fast-disappearing natural gas. Local generation, because the grid is no condition to handle more long-distance transmission. Common sense? That's been in short supply for years. We value expertise and genius. The bean-counters tell us which consultant's view will predominate - and the consultants have learned to play the game: nobody will pay for bad news. Unfortunately, the truth is bad news: as a society, we haven't fostered the qualities that would see us right. Prudence. Foresight. Hard work. Education. Saving for a rainy day. Simple common sense. All those "yesterday" things our forefathers used to preach, and live by. In the Oil Sands area, 65 year-old tradesmen are getting $10,000 signing bonuses. That's the price of simple competence, these days. Call it iceberg vision. We've become skilled at seeing the 10% we want to see, and ignoring the other 90%. Now, our chief value to the world is as consumers. When our debts become intolerable, even that advantage will disappear. Band-Aids, anyone? Jim