Submitted by dumbrenter on May 5, 2008 – 2:23pm:
How come I never hear of people packing off to go live in Israel, Singapore, Abu Dhabi or whatever if things are so good over there?
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How about Halliburton?
American engineers, architects are moving to the Middle East in droves. Europeans are flipping condos and making fortunes in Dubai.
American pilots are clamoring for jobs with Emirates, Cathay Pacific, Etihad, and Qatar Airways because their salaries have been cut by 1/3 at home.
American architectural firms are making the payroll thanks to work in China.
The workforce in free-trade zones is incredibly diverse.
Warren Buffet is investing in companies whose revenues are not denominated in dollars.
I’m not saying that it’s over for America, far from it. But we need to recognize the warning signs and fix what’s wrong before it’s too late.
It’s healthy to be a little paranoid. It keeps you from losing sight of the competition.
