IBM Whining.....

IBM bellyaching that the economy still sucks. 

I am not sure I understand their complaint. They got exactly what they wanted. They (and all the rest of corporate America) wanted to get rid of all their high priced American workers. They wanted to replace them with low cost overseas workers.

So they did.

They thought this plan was going to lead them to greater riches. It is a global economy……..(they said) It is no longer just about the United States…….(they said) These companies can make money anywhere……(They said)

So what happened?

Why does this article say sales in China are down 20%. China is the new gold mine of peasant workers leading corporate America to new riches. How can that strategy not be paying off.

I am so confused. It is almost like these companies are run by people who have absolutely no idea what they are talking about.

http://www.bloomberg.com/news/2013-12-10/ibm-says-economy-remains-discouraging.html