Monica in NYC

10 Aug 2011

good: A lot of fearmongering in the media has Americans concerned that all our goods are imported from China. But is that really true? GOOD’s new business editor, Tim Fernholz, calls bullshit: While Chinese goods seem ubiquitous, especially given America’s economic woes, the reality is that imports from the country are a relatively small part of the economy: A total of 88.5 percent of consumer spending in the United States is on items made here, with only 2.7 percent spent on “Made in China” goods, according to new research from the Federal Reserve Bank of San Francisco: Read more on GOOD →

good:

A lot of fearmongering in the media has Americans concerned that all our goods are imported from China. But is that really true? GOOD’s new business editor, Tim Fernholz, calls bullshit:

While Chinese goods seem ubiquitous, especially given America’s economic woes, the reality is that imports from the country are a relatively small part of the economy: A total of 88.5 percent of consumer spending in the United States is on items made here, with only 2.7 percent spent on “Made in China” goods, according to new research from the Federal Reserve Bank of San Francisco:

Read more on GOOD →

Reblogged: good

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  17. meid2go reblogged this from good and added:
    nice. so, we aren’t completely screwed?
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  19. shofarsofar reblogged this from good and added:
    Pleasantly surprising:
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    While Chinese goods seem ubiquitous, especially given America’s economic woes, the reality is that imports from the...
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