On Mon, Aug 11, 2008 at 11:30 AM, <
alexanderhenry@cox.net> wrote:
>
> ---- Joshua Zeidner <jjzeidner@gmail.com> wrote:
>
> > Hi Josh,
> >
> > Job boards, especially free ones, are not a reliable indicator. Many
> > people use those boards to gauge markets, which means that a lot of the
> > postings are not legitimate jobs.
>
> Agree strongly. Lots of spam from "recruiters" who scrape the jobs
> postings from the sites with positive relationships with Intel, Honeywell,
> GD, and Orbital and repost trying to hijack a commission.
A big problem for some time was resume harvesters. Indian firms for
instance were gathering resumes and basing their own on what Americans were
putting down. BTW- the Indian economy is not doing well right now.
>
> > My take on the economy: there is a major reorientation underway.
>
> blah blah blah. Doesn't mean anything to me or Mike, who started this
> thread with a "what do I do with my life" post, personally. I'm not
> employed by those companies you're talking about. Even if I was, are they
> going to let go all of their people? Doubt it. Again, too much taking what
> the "media" is saying to heart, which are bits and pieces, taken totally out
> of context, of stuff that means something to Ben Bernanke and William
> Donaldson but nothing to me.
Well if you want to make an informed decision as to what skills, etc. to
invest in these aspects are important. At the individual level perhaps not
as much as some would have you believe. As far as what the MSM says, they
were singing a different tune as little as 6 months ago. Greenscam and Big
Ben have, only until very recently, supported the idea that the American
economy was going strong. The problem is really quite severe. Weve had a
number of major bank failures recently. The way America has been working
for the past 30 years is, where the credit goes, the payoffs go. The credit
markets were liquid in RE for the past 10 years, but not anymore. If you
are in the position to do business without need of credit in a tight market,
you're going to win big. But to summarize, the MSM wonking on the dismal
state of the economy are not overblown. I don't take what they say to
heart, I've been saying quite publicly that we would be having a housing
crisis for years (and theres quite a few posts of mine to prove this). The
MSM is not going to say anything until they've got their money down- notice
the run up in commodities? ;) jmz
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