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

To: GST who wrote (74840)	12/5/2006 11:37:16 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Skilled worker, what's that? Everybody's a paper pusher, realtor, mortgage broker or deal maker on Wall Street.

To: GST who wrote (74840)	12/5/2006 12:43:37 PM
From: anachronist	Read Replies (2) \| Respond to of 110194

"That's good news for Richard Smith. The 29-year-old from Chillicothe, Ohio, is graduating Dec. 15 from a nine-month welding program at the Hobart Institute of Welding Technology. He's received three job offers, paying $16 to $19 an hour," This is not a sign of people in this country not being smart enough to do these jobs. People are turning down these jobs by making a rational decision given the economic distortions in our economy which have been caused by an unprecedented boom in credit and finance. 9 months of training to make $50,00 a year is not a good enough offer. Those who are smart and ambitious have already gone to the housing or finance industry to make 3 times that amount with less than a month of training. For those with a college degree, the sky is the limit working on Wall St or affiliated industries.