First Casualty of the falling dollar

[SUBMAN1]

Did I not say this was going to happen? No one listens. This is good news for the US though!!!

-S

...OUTSOURCING TO INDIA may soon become a thing of the past for small to mid-sized technology firms, due to the increasing costs of rent, salaries and a looming end to the government’s tax holiday....

Read on here - http://www.theinquirer.net/gb/inquir...expensive-tech

[bookworm_020]

I thought for a second that traders had started jumping from windows again when I saw the title.

[Konovalov]

Originally Posted by SUBMAN1

Did I not say this was going to happen?

What, a US recession? What great news. This obviously isn't the no spin zone.

[SUBMAN1]

Originally Posted by Konovalov

What, a US recession? What great news. This obviously isn't the no spin zone.

THere is no recession. People are panicking about a slow 1% rise in the economy? What? The only change that people are seeing is a slow in growth from 4%+ to 1%. The difference between small growth and boomimg growth. We may be on the edge of a recession, but the numbers are still in the positive. Anyway, it is currently taking 3 months to add the GDP of a country like Saudi Arbia to this country instead of the normal 1 month right now. So what.

Anyway, I am talking about the falling dollar. This is not a discussion about a recession. Please keep on topic. Thanks.

-S

[nikimcbee]

Originally Posted by SUBMAN1

Did I not say this was going to happen? No one listens. This is good news for the US though!!!

-S

Read on here - http://www.theinquirer.net/gb/inquir...expensive-tech

Nice article. Maybe the customer service jobs will come back here, so I can understand what they are saying. But I have soooooo much fun when a foreign telemarketer calls me.

[Trex]

A $100 Billion bailout. http://www.ctv.ca/servlet/ArticleNew...0421?hub=World

[SUBMAN1]

Originally Posted by Trex

A $100 Billion bailout. http://www.ctv.ca/servlet/ArticleNew...0421?hub=World

Sounds more like a bail out for British banks than anything. British banks aren't lending due to fear, so their economy is going down the tubes because of it.

-S

[Trex]

The world's economies are so interconnected that if one (especially a big one like the USA) goes into recession, almost all of them will be seriously hurt.

[Konovalov]

Originally Posted by SUBMAN1

Sounds more like a bail out for British banks than anything. British banks aren't lending due to fear, so their economy is going down the tubes because of it.

-S

The way you talk you would think that this is entirely a British problem with the British banks. Rather it is a global credit crisis with it's origins across the other side of the pond in the US.

UK "economy going down the tubes". How melodramatic of you.

[SUBMAN1]

Another one bringing them home - http://www.cbc.ca/technology/story/2...ellkanata.html

-S