Mark Herschberg, author of The Career Toolkit
https://www.thecareertoolkitbook.com/
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Originally posted by Eric Lemaitre:
With the housing bubble in the process of busting, whole US economy will shrink by about 1% growth, so whole business will shrink a little. As usual, most vulnerable contractors will be used as adjustment variable, especially newest H1B without prior US experience. So you should stay in India and enhance your skills there, it is much safer.
SCJP2 96%
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Originally posted by Eric Lemaitre:
it looks like US people have contracted debts through house mortage for some 10 trillions U.S.$ (10,000,000,000,000 U.S.$) of completely artificial wealth which won't be part of real economy when time to pay debt back will come:
Without any offence, this stating is not meaningful at all. There is an huge difference between something WORTH a given amount of money and something ESTIMATED by market a given amount of money. When market overestimates value of goods it is a bubble, which may create havoc if overestimation is too high and it bursts suddenly, and may be very harmful even if it decreases slowly. If this guy's house is valued 3 times more by market now, it may be valued 5 times less within one year as well if housing buble collapses.
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Originally posted by Rajesh Pore:
Analyst are talking about early sign of US Economy slow down.Would like to know how this will affect software jobs in US.Is it worth to leave a job in India and move to US in this condition.
Regards
Rajesh
Namma Suvarna Karnataka
Originally posted by Eric Lemaitre:
I know their opinion is very oriented against republicans, but as an Engineer I always try anyway to remain balanced by considering other opinions too and have my own conclusion about their figures and polls.
Figures never are biased, but their interpretation may be, as long as I remain councious of it, it is fine.
It looks like issue is much more widespread than you think, not only usual overvalued places (New York, California, Florida), but almost any big US town, such as Boulder (Colorado) for the example chosen.
The real issue in fact, if I understood it properly, is about a vicious trick practiced by foul mortage lenders : they granted money lendings based on the overrated housing values, so they somewhat granted kind of new debt based on old debts, much beyond customers payback capacity if housing values decreased.
This is expected to cost 1% growth to US for years to come, so lowering US growth to some 2.5% a year. Wait and see...
Mark Herschberg, author of The Career Toolkit
https://www.thecareertoolkitbook.com/
Eric LEMAITRE
CNAM IT Engineer, MS/CS (RHCE, RHCX, SCJA, SCJP, SCJD, SCWCD, SCBCD, SCEA, Net+)
Free Online Tutorials: http://www.free-tutorials-online.net/
Originally posted by Eric Lemaitre:
Yes, but job market and economy are always intimately entangled in any contry anyway, so I believe all posts were relevant till now.
Mark Herschberg, author of The Career Toolkit
https://www.thecareertoolkitbook.com/
Some people, when well-known sources tell them that fire will burn them, don't put their hands in the fire.
Some people, being skeptical, will put their hands in the fire, get burned, and learn not to put their hands in the fire.
And some people, believing that they know better than well-known sources, will claim it's a lie, put their hands in the fire, and continue to scream it's a lie even as their hands burn down to charred stumps.
I suggest huckleberry pie. But the only thing on the gluten free menu is this tiny ad:
Building a Better World in your Backyard by Paul Wheaton and Shawn Klassen-Koop
https://coderanch.com/wiki/718759/books/Building-World-Backyard-Paul-Wheaton
|