tag:blogger.com,1999:blog-3758330678390419129.post3654455364997572099..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Bernanke Money Printing Benefits Tech SectorRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-90251542609706613422011-12-26T01:41:55.715-05:002011-12-26T01:41:55.715-05:00Sorry, that should have read, EPJ above, my bad.Sorry, that should have read, EPJ above, my bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28256876836567762382011-12-23T17:18:56.007-05:002011-12-23T17:18:56.007-05:00I am a software engineer, and I agree the tech sec...I am a software engineer, and I agree the tech sector is hot right now. I receive at least one call (sometimes 2 or 3) from variuos recruiters every week, offering wage increases of 15-20%. There has been a lot of turnover at my company, perhaps I'll be the next one to take some money from the Bernank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67313872135711595232011-12-23T12:34:35.868-05:002011-12-23T12:34:35.868-05:00It's difficult and frustrating to compare the ...It's difficult and frustrating to compare the EJP economic outlook with those of other, lets say, "pessimistic" Austrians and others such as Richard Russell. <br />I kind of get it a bit more after reading some of the comments here, but still...<br /><br />The one thing all Austrians seem to have in common is, big inflation is on the way.<br /><br />How long do you suppose this Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83159836206648622262011-12-23T11:27:19.980-05:002011-12-23T11:27:19.980-05:00Nice analysis, thanks! The mini-recession this yea...Nice analysis, thanks! The mini-recession this year can be attributed to the squeezing of profits in tech, as the ABCT predicts. Profits peaked in April as monetary pumping drove up the prices of inputs, such as wages in tech. <br /><br />Higher labor costs killed profits in tech and the stock markets tanked. Since Nasdaq is mostly tech and capital goods industries it should do worse than marketsRoger McKinneynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29104010432627742852011-12-23T10:43:26.111-05:002011-12-23T10:43:26.111-05:00As someone who works in the tech sector, I can vou...As someone who works in the tech sector, I can vouch that the above is true. The company that I work for is a small startup, financed entirely by private savings, so we're not on the receiving end of Bernanke money.<br /><br />However, we deal with programmers & designers all the time...and money is no object to many of them. Reminds me of when I worked for Merrill in the late 90's...Chris Rossinihttps://www.blogger.com/profile/02986002946096496906noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36168642319873237762011-12-23T10:39:17.333-05:002011-12-23T10:39:17.333-05:00more, from anonymous #1 above:
NASDAQ / QQQ/ NQ, ...more, from anonymous #1 above:<br /><br />NASDAQ / QQQ/ NQ, has considerably underperformed both S&P 500 & esp DOW stocks this year, & esp the past 3 & 6 months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81421644723984360062011-12-23T10:34:58.403-05:002011-12-23T10:34:58.403-05:00@Anonymous
Yeah, you are right, companies are bid...@Anonymous<br /><br />Yeah, you are right, companies are bidding up tech salaries just for the hell of it.Robert Wenzelhttps://www.blogger.com/profile/14296920597416905488noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78288675564925032632011-12-23T10:29:26.643-05:002011-12-23T10:29:26.643-05:00Very convenient to ignore the facts:
Oracle earni...Very convenient to ignore the facts:<br /><br />Oracle earnings this week -- and the comments re the industry generally -- does NOT indicate things are rosy in tech land.Anonymousnoreply@blogger.com