Job openings at US tech companies skyrocket- Microsoft:3200, IBM: 1200, Intel: 1000, Cisco: 650
http://www.freerepublic.com/focus/f-news/1346985/posts
this is the insidious part...He uses the alarmist diatribe of another paper to use as a hammer to bash...this is like the Boston Globe using the New York Times as a factual source to support their agenda...echo chamber of spew
bttt
Who is buying all that stuff that keeps the GDP increasing and the economy booming? Maybe it is the illegals and guest workers.
US Tech and manufacturing companies are opening and hiring like mad! I'm setting up what I hope to be a nice little business doing gigs at all these new facilities, for all their new hires - at all the venues popping up like mushrooms to serve these new hires streaming in. Gillette, Corning, Intel, Autodesk, Delco, Kodak...you name'em - they're either slamming new factories together, or are in the process of doing so.
Anybody that says US companies aren't hiring - just hasn't seen what's been happening here in Shanghai.
China is unlikely to unpeg the Yuan and allow it to float. The peg policy is working too well for them. As the dollar drops, which would seemingly drive down our trade imbalances, Chinese exports still surge - since the Yuan drops right along with it - thereby maintaining the exact same competitive price advantage for products headed to the US, and they get even more of a competitive price advantage in Europe.
The Europeans are screaming the loudest about the dollar drop, for good reason, since any high technology purchases contemplated by Asia - will likely go to US manufacturers, due to the dollar devaluation discount.
The most likely Dollar-Yuan adjustment will be a slightly widened band for fluctuation - which of course will immediately top-end at the highest possible Yuan value.