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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (94098)2/11/2009 4:33:27 PM
From: ggersh  Read Replies (1) | Respond to of 116555
 
Sorry, outsourcing in itself wasn't a major part as I stated. But I do believe outsourcing, wage arbitrage goes hand in hand, with people not being able to afford there houses. and thats where fannie and freddie come in. which then leads us to wall st.

Affordability of all those Mcmansions is a problem, and decent paying jobs are what is needed most of all.



To: ajtj99 who wrote (94098)2/12/2009 5:13:03 AM
From: mishedlo2 Recommendations  Read Replies (1) | Respond to of 116555
 
Worst Recession In 100 Years
globaleconomicanalysis.blogspot.com
In the UK, Gordon Brown's closest ally says 'This is the worst recession for over 100 years'. ...
Mish



To: ajtj99 who wrote (94098)2/12/2009 5:45:25 AM
From: kathtoo  Respond to of 116555
 
Did anyone catch the questioning today at the CEO Tarp hearing?

Banks were asked about their loan modification departments being located offshore. They are crappy depts. (no speaka english?)

So the banks that have robbed us, can't even employ US workers to help other US workers avoid foreclosure?

Unbelievable


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