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Leveraged Buyouts Running Amok


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September 7, 2006 NEW DELHI/ BANGALORE: Global pink slips in the tech industry may end up benefiting India as big-wigs like Intel, Sony, CA, IBM and Sun Microsystems CONtinue to chop Americans.

 

With cost-cutting a major priority, Intel may outsource more to India, say market sources, and IBM, which announced axing of 13,000 jobs in Europe and the US, followed it up with plans to treble its investments in India over the next three years by pumping in $6 Billion towards its operations there.

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I think that the dozens of people expressing sanguine opinions about the Chinese and Indians becoming the New economic Locomotives that will lead us into the promised land of milk and honey are, like Laird says,just one depression premature--

 

They are expressing opinions like the hypnotised Keynesians that they are

 

They are thinking that we are entering a period of "Generic resessionism".

 

They fail to observe that this time, it realls is different, and that our global descent into hell is on the installment plan, or rather the lack of time payment plans which is limited to Henry Ford's USA--The ancient $5 a day wage scale established by H Ford was the reason we became a monstrously appetitive eating machine where parents now give birth to 75 pound infants

 

Without the USA's addiction to consumerism the so-called Oriental locomotives will fail to stem the decline...lacking the appropriate number of piggish high-incomed gluttons (this doesn't include millions of arrivistes who didnt make the cut) they will find their plants starved for lack of customers and their overinvested socities will join us on theroller coaster to Hades--

 

beardrech :ph34r: :ph34r: The Big D after this one will find them as leaders

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Plenty of those outsourcing operations are productive cost savers, but many projects done by foreign coders wind up as total rewrites. Especially the small jobs that are are not supervised by individuals with strong coding skills and a commitment to quality.

 

I have aquintance who frequently finds work picking up where "rent-a-coders" have failed.

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So the value of developed world housing went up from $30 Trillion to $70 Trillion-plus these past few years during the biggest leveraged speculative bubble in human history.

 

"Now, like all leveraged speculative bubbles, that paper wealth simply gets washed away via asset devaluation and deflation, which is already well underway.

 

But $40 Trillion?

 

Damn, that's gonna suck."

 

:lol: :lol: :lol:

 

 

:mellow:

 

 

:ph34r:

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jickiss is back!

 

and

 

amock

 

amoron

 

amazing

 

for sure, it is all most annoying, but, as your jickiss has mentioned, over and over, as long as da Zomie bears the yield that it bears,

 

da Boyz are in control.

 

but, with the mills of the gods grinding slowly

but exceedingly fine,

 

who, which one, show us da Man, find the Wise Man, bring in the Buddha,

find the one who can draw back the curtain or pull the strings,

 

and reveal, and name, the Moment when SOMETHING WILL FINALLY HAPPEN.

 

by means of spin, them running, or, (dare we say it????), Front Running the Markets have, in the view of your jickiss,

 

gotten to the point where they believe in themselves totally.

 

what is that word???

 

Hubris?

 

who knows and who cares....it is all about numbers at this juncture.

 

here is a 10 day chart of TRE, presented in the spirit of helping all them that are following along, for, better than most, your jickiss Knows well that to Win the Race, only the picture at da Wire counts, and no money is paid for leading during any particular part of the contest...

 

jickiss!!!!!

 

 

 

It's hanging in on the weekly. Barely but still alive. B)

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