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Friday, August 12, 2011

The Pot (CNBC) called the Kettle (S&P) Black


I’m listening to CNBC this morning and Michelle and Joe are ridiculing S&P because they were to lax in 2008 and now they are too strict in 2011 and in between they are ridiculing the new guy because he believes in fair.
And all the while I’m thinking what a bunch of hypocrites.
If you were reporters instead of commentators you would find the same things that we are finding here at Keep America At Work.
Granted, you won’t find it all in one easy read.
For me, there were two things that led me to this discovery.
Item 1 which led me to writing the page at the top titled “Your Future – Part 2″ as I realized where this game of musical countries would take us:
“We have been seeing wage inflation over the past several months,’’ said Chris Ruffle, who helps manage $19 billion as China co-chairman of Martin Currie Ltd. Rising salaries may prompt businesses that operate plants in China to move to lower-cost countries such as Vietnam and Cambodia, Ruffle said.
Click here to read that article.
Item 2 which led me to writing the four items that will be listed at the bottom of this post.
The U.S.-based CEO of one of the world’s largest hedge funds told me that his firm’s investment committee often discusses the question of who wins and who loses in today’s economy. In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle class didn’t really matter. “His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade,” the CEO recalled.
The following link will take you to this article.
So Joe and Michelle.
Will you do your homework by reading the following 4 articles so that you can do your job and make money for your clients?
Feel free to substitute any measure that shows the quantity of people that make more than and less than the median income in each country.
Or will you continue to talk trash while Trillions disappear from the economy because of the advice that you give?
Let’s put everybody in the European Union and the United States out of work by sending their job offshore and we will be Rich. Rich, I tell you…Rich
Why is China becoming the largest Economy and what can we do to prevent the World’s economy from crashing?
My calculations show 191 million 696 thousand 293 jobs have been sent offshore.
So you think it is impossible to have 191,696,293 jobs sent offshore from the European Union and the United States?
 For more articles feel free to review Keep America At Work!
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