Quote: Hey Swanky, even your mathematically challenged buddy here says that WalMart's purchases from China are only $20 billion. Now if WalMart bought $220 billion last year, Chinese purchases made up about 9.1% of the total
I'm going to use the argument that Paul Ross brought up that the 20 billion they bought is really 80 billion in the true US dollar equivalant.
My local walmart has way more than 10-15% of it's goods made in china. More like 65-75%.
Hey Toddster why won't you take me up on my bet that my local WM has 65-75% of it's products that say made in China on them??? You keep on hedging and make snide remarks.
I know I have won this bet. As before I will even pay you lodging and travel expnses. However bring $1000 in cash.
Clueless!!! Paul Ross was talking about PPP. PPP involves living standards in China.
My local walmart has way more than 10-15% of it's goods made in china. More like 65-75%.
Everyone is aware of your poor counting skills.
Hey Toddster why won't you take me up on my bet that my local WM has 65-75% of it's products that say made in China on them???
The value of WalMart's purchases from China is less than 10% of total WalMart purchases.
I know I have won this bet.
You also knew the following :Also china holds the majority of our treasuries. In a sense they US by the balls. Oversmplication of course but bascially true in a nutshell.
75 posted on 03/31/2005 6:41:37 PM CST by superiorslots
We all know how that turned out, don't we?