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Lots of this happening in the STEM/tech sector. Firms are receiving hundreds of applications per job from qualified domestic engineers. Yet there's over 1 million foreign nationals, on the H-1B, L-1 visa, and Green Cards working on US soil. And there are many in Congress who want to expand...

You figure that CAD is going to surge as imports collapse (no more need to purchase crap to fill houses on credit), and borrowing (ie: CAD$ shorting) stops?

Ummm, bullshit. Engineering grads don't even get the 'time of day' from employers in the United States when they apply, if they are not on H1-B or some other work/slave visa program. Employment in the engineering epicentres of the United States, such as Silicon Valley and RTP, has not grown in...

Those Indian pieces of shit will stop at nothing to prop up their outsourcing industry, even though its putting Americans out of work. American economy good? What the fuck are they smoking?

No economic growth, hardly. Money not spent can be invested in shit like fixing the energy infrastructure, fixing the manufacturing deficit that got us into this hole in the first place. Etc. Consumption is not economic growth.

My view, techs are going to get hit the worst. Dow stocks might be down a modest 2-3%. Big winners will be the emerging markets, Asian, and Canadian stocks. This is the beginning of what I would term, "the great disconnect". One thing I've observed in the past 2-3 years has been...

America needs to find $1T in savings i.e. budget surplus each single year to wipe out debt in 15-20 years. Its worse than that because the government, through taxes, gets back 30-50 cents on every dollar it spends, if not more. So cutting $1T in payroll and entitlement payments wouldn't...

BSAM, at some point, "Daddy" will figure out that "someone" has been using the credit card fraudulently, ie: without his permission. They will probably let "Daddy" default on the unauthorized charges to the credit card. But if unauthorized charges continue, they will eventually take the credit...

As I said...I've been scratching my head. But I do believe that there is a significant amount of cross-ownership of foreign firms, by US interests, and vice versa. So capital pressures on the balance sheets of US investors get reflected in liquidations of foreign stocks, and vice versa...

Will this finally give rise to a long-awaited disconnect between the US market, and that of the rest of the world? I've been sitting here, for almost the past 3 years, scratching my head as to why the world markets have been so tightly correlated, when the misbehaviour has mostly been...

Shut down 80% of the banking/finance industry. Throw out the guest workers (H1-B's) and cancel the green cards of anyone who got one in the past decade. Get all the engineers back to work creating things. Probably have to sit down with the Canadians and come up with a North America...

Bearice, stop your bullshit spew. The SNR is bad enough in these channels before you added random press releases and conjecture in a purported and fucking pathetic attempt at discussing the topic at hand.

So what's the moral of the story? Is there some sort of trade you recommend we implement, in order to take advantage of a market that is rising in nominal terms, but losing value (along with the currency) in real terms? Would borrowing short, and investing into the market hedge out the...

Neither, because neither are necessary. The US needs to build an economy that can compensate tech workers appropriately, which probably will involve dramatically lowering the pay of bankers. Dollar devaluation is a likely way this could be implemented, which would send interest rates to the...

Plenty of people work 70+ hours a week and don't make over $100k/year. Most engineers, for instance. Do they get wealthy, no. So if you have mega wealth, don't think for a moment that you're more entitled to it than the engineer who worked his butt off and gets little from the economy other...

Only problem with that is that the engineering and comp sci professions have shrunk significantly over the past decade, and nearly all new hires in engineering/comp sci over the past decade have been foreigners on the H1-B visa program. Even MIT CS grads are having serious problems finding...

I disagree here; the Canadian banks are just as leveraged, if not more leveraged than the US banks. The key difference is that the Canadian banks did not have runs on their long-term assets because, quite frankly, they do not hold much in terms of long-term assets, and they do not have a...

Of course -- the Canadian banks are awesome, because nearly their entire at-risk loan books, are guaranteed against default by the government, while they still reap nice lending spreads.

The Computer/Software Engineering stats, in terms of salary, are a little skewed because Computer/Software jobs tend to be concentrated in areas for which salaries are very high because of the cost of living. For instance, lots of Mechanical/Civil/Geological jobs in low cost areas of living...