[sdiy] OT: Chinese goods
Ian Fritz
ijfritz at comcast.net
Thu Sep 15 08:13:04 CEST 2011
Just for some perspective -- most folks are surprised by this:
http://www.frbsf.org/publications/economics/letter/2011/el2011-25.html
"Although globalization is widely recognized these days, the U.S. economy
actually remains relatively closed. The vast majority of goods and services
sold in the United States is produced here. In 2010, imports were about 16%
of U.S. GDP. Imports from China amounted to 2.5% of GDP. "
Ian
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