Dear Nephew,

Went to the Purview Community Bank today and bumped into Ken, he now runs the place since it got took over by some huge bank in Dallas. Says the economy’s on the upswing, a great opportunity opening for new entrepreneurs.

 He claims the Boston papers reported a whole new industry growing like hotcakes, not only in Boston but in New York, Chicago, and L.A. These companies, Ken says, specialize in outsourcing jobs. They find workers in India, China and other places to replace American workers. Then these companies match these workers up with US businesses who ship production abroad and increase their bottom line. 

 These new entrepreneurs, he says, make a haul getting a cut of the wages the companies don't pay anymore. They’re getting rich real quick, Ken claims, just like the dot comers did.

 Anyways, Ken’s bank is now trying to find out if any of these entrepreneurs are arranging an IPO as the bank believes they represent a new bubble just beginning to grow.

 "Aren't bubbles risky," I asked.

 Ken thinks "No." His bank figures this bubble won’t burst for a long time as there’s an abundance of American jobs to outsource. "Solid investment for our stockholders," he says joyfully.

 "So," I retorted, "Working Americans lose jobs but your investors get richer."

"Well," he chuckled, "There isn't an ill wind that doesn’t blow some bastard some good news."

 Nephew, I’d switch banks if I could, but with all the consolidations, it’s the only one left in town.

 Yours truly,
Great Aunt Maggie Pye