[stansd]

Excellent Post, Dave…I agree in large part.

Question to you or others, and I hope I can characterize this sensically: I get the sense that the financial markets still don’t fully believe how bad the housing market is going to get-that’s why they think there is a liquidity crisis.

That said, there is enough fear out there of the unknown that asset prices are pretty well reflecting future reality even though this reality is worse than the current financial forecasts.

That’s my stab at an explanation of why everyone is perceiving a liquidity crisis, when the reality is as you say: we have a shitty asset crisis (we just haven’t come to grips yet with how shitty the assets really are).

Stan

[stansd]

Excellent Post, Dave…I agree in large part.

Question to you or others, and I hope I can characterize this sensically: I get the sense that the financial markets still don’t fully believe how bad the housing market is going to get-that’s why they think there is a liquidity crisis.

That said, there is enough fear out there of the unknown that asset prices are pretty well reflecting future reality even though this reality is worse than the current financial forecasts.

That’s my stab at an explanation of why everyone is perceiving a liquidity crisis, when the reality is as you say: we have a shitty asset crisis (we just haven’t come to grips yet with how shitty the assets really are).

Stan

[stansd]

Excellent Post, Dave…I agree in large part.

Question to you or others, and I hope I can characterize this sensically: I get the sense that the financial markets still don’t fully believe how bad the housing market is going to get-that’s why they think there is a liquidity crisis.

That said, there is enough fear out there of the unknown that asset prices are pretty well reflecting future reality even though this reality is worse than the current financial forecasts.

That’s my stab at an explanation of why everyone is perceiving a liquidity crisis, when the reality is as you say: we have a shitty asset crisis (we just haven’t come to grips yet with how shitty the assets really are).

Stan

[stansd]

Excellent Post, Dave…I agree in large part.

Question to you or others, and I hope I can characterize this sensically: I get the sense that the financial markets still don’t fully believe how bad the housing market is going to get-that’s why they think there is a liquidity crisis.

That said, there is enough fear out there of the unknown that asset prices are pretty well reflecting future reality even though this reality is worse than the current financial forecasts.

That’s my stab at an explanation of why everyone is perceiving a liquidity crisis, when the reality is as you say: we have a shitty asset crisis (we just haven’t come to grips yet with how shitty the assets really are).

Stan

[stansd]

Excellent Post, Dave…I agree in large part.

Question to you or others, and I hope I can characterize this sensically: I get the sense that the financial markets still don’t fully believe how bad the housing market is going to get-that’s why they think there is a liquidity crisis.

That said, there is enough fear out there of the unknown that asset prices are pretty well reflecting future reality even though this reality is worse than the current financial forecasts.

That’s my stab at an explanation of why everyone is perceiving a liquidity crisis, when the reality is as you say: we have a shitty asset crisis (we just haven’t come to grips yet with how shitty the assets really are).

Stan

[stansd]

I’m 31…a year ago I was doing Ironman triathlons. I now have 3 bulging discs and have been unable to sit for 8 months. I have been to many chiro’s in the area…I think they are well intentioned, but 70% of them are quacks.

One I visited in particular was convinced that my back could be fixed by flicking my thumb quickly in front of my eye to trigger a neurological response…that doesn’t exactly fix a bulging disc or annular tear.

Others I have been to that are half chiro, half physical therapist really know their stuff and are exceptionally helpful.

Recommendations from your friends don’t seem to count for much in this space…the folks most likely to recommend a chiro are the same ones least likely to know the wheat from the chaff.

[stansd]

I’m 31…a year ago I was doing Ironman triathlons. I now have 3 bulging discs and have been unable to sit for 8 months. I have been to many chiro’s in the area…I think they are well intentioned, but 70% of them are quacks.

One I visited in particular was convinced that my back could be fixed by flicking my thumb quickly in front of my eye to trigger a neurological response…that doesn’t exactly fix a bulging disc or annular tear.

Others I have been to that are half chiro, half physical therapist really know their stuff and are exceptionally helpful.

Recommendations from your friends don’t seem to count for much in this space…the folks most likely to recommend a chiro are the same ones least likely to know the wheat from the chaff.

[stansd]

I’m 31…a year ago I was doing Ironman triathlons. I now have 3 bulging discs and have been unable to sit for 8 months. I have been to many chiro’s in the area…I think they are well intentioned, but 70% of them are quacks.

One I visited in particular was convinced that my back could be fixed by flicking my thumb quickly in front of my eye to trigger a neurological response…that doesn’t exactly fix a bulging disc or annular tear.

Others I have been to that are half chiro, half physical therapist really know their stuff and are exceptionally helpful.

Recommendations from your friends don’t seem to count for much in this space…the folks most likely to recommend a chiro are the same ones least likely to know the wheat from the chaff.

[stansd]

I’m 31…a year ago I was doing Ironman triathlons. I now have 3 bulging discs and have been unable to sit for 8 months. I have been to many chiro’s in the area…I think they are well intentioned, but 70% of them are quacks.

One I visited in particular was convinced that my back could be fixed by flicking my thumb quickly in front of my eye to trigger a neurological response…that doesn’t exactly fix a bulging disc or annular tear.

Others I have been to that are half chiro, half physical therapist really know their stuff and are exceptionally helpful.

Recommendations from your friends don’t seem to count for much in this space…the folks most likely to recommend a chiro are the same ones least likely to know the wheat from the chaff.

[stansd]

I’m 31…a year ago I was doing Ironman triathlons. I now have 3 bulging discs and have been unable to sit for 8 months. I have been to many chiro’s in the area…I think they are well intentioned, but 70% of them are quacks.

One I visited in particular was convinced that my back could be fixed by flicking my thumb quickly in front of my eye to trigger a neurological response…that doesn’t exactly fix a bulging disc or annular tear.

Others I have been to that are half chiro, half physical therapist really know their stuff and are exceptionally helpful.

Recommendations from your friends don’t seem to count for much in this space…the folks most likely to recommend a chiro are the same ones least likely to know the wheat from the chaff.

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

[stansd]

I can confirm that eye-pod isn’t too far off here on numbers, but there’s a big dependency on how far up the talent scale you are looking.

I’ll speak from my own experience: If you are looking for an experienced finance manager, you’ll save 20-30% by going overseas. However, if you are looking for an entry level accountant, you can save 50-60%. It’s very dependent on skill level. My belief is that those accountants today will become the managers of tomorrow-this will increase the skill and supply higher up the food chain, and outsourcing will work it’s way up.

So, the threat today of the production/manufacturing worker is the threat tomorrow of the service professional.

Stan

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