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Heads Assplode? "Made In China" Makes Up 2.7% Of US Spending

Discussion in 'Current Events' started by Neon, Aug 10, 2011.

  1. Neon

    Neon ネオン
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    Huh? I don't get it. Can someone spot the catch here, because I can't. Then again, I don't know shit about economics.

    http://www.good.is/post/it-s-all-made-in-china-not-so-fast/
     
  2. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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  3. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    It is baffling to me that someone with the mental capacity to learn to speak a language and express himself in it would think that convincing people to buy big houses, fancy cars, phones, electronics, go on fun vacations, stay at expensive hotels etc. is a difficult problem that requires serious figuring out. Are they really that retarded, they don't understand that consuming is one of the most fun and gratifying parts of life? That, once I can afford to consume all those great things, I don't need these assholes to figure out how to get me to spend my money on them? I' would love to consume, I would just love to just spend all my money, and even borrow some on top just to consume. Except that I'm, perfectly justifiably, too scared to part with the money I have, or get into debt. I could give a shit about having money set aside if I knew for a fact that I could continue making more in the coming years. I would spend it in a second. But I don't know that. Every piece of evidence points to the contrary.

    Lack of consumption isn't the problem, it's just a symptom of the recession. Lack of spending is caused by the lack of jobs and job security, which in turn is caused by lack of investments, which in turn is caused by lack of investors' confidence in the US as a place where you can make a profit. That is the underlying cause of the recession: many major investors, the productive, rich people who usually build up an economy, don't believe they can make enough money to be worth the risks, by investing into a productive enterprise in the US.

    Whenever the United States, as a nation, decides to stop endangering its own economic future by raising the deficit, and stop hindering profit seeking investors from making the biggest profits they can make, investments will start flowing into the economy, jobs will be created, people will start believing that their jobs are safe, and then everyone will start spending again.
     
  4. Party Rooster

    Party Rooster Unleash The Beast

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    It's only 2.7 percent because of the service sector, like the article says. And we're a service based economy. I would imagine that 35 percent number for shoes and clothes is pretty common for a lot of other things we buy.
     

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