We import $500B/year from China and MOST OF IT IS FINISH DURABLE GOODS. The amount of Chines imports that are really sub components of US produced goods and not compete items for sale is maybe 10% or $50B/yr which about $4B/month. This is COMPARED TO A $22T/year US economy.
A tempest in a tea pot.
86% of the US economy has nothing to do with trade. Only 16% is at some slight "risk" form the COVID "pandemic". Not much of a risk really.
“Small and medium-sized businesses (SMEs) that are the heart and soul of this country are the ones that are going to be the hardest hit,”
nonsense; everyone knows the hardest hit will be females and children of color...
I’m concerned about this.
I think.
There are media whore professors.
The press have contracts with professors who they can always call to get copy.
Some professors love doing this.
Total unmitigated Bullshit of a story.
I tried to read through an article informing us that open borders were the best way to protect ourselves exposure. Insanity.
A tempest in a tea pot.
Now we can’t get any help from the government because we are self employed. So now what? become wards of the state? Homeless? Pitch a tent in SF?
They have totally succeeded in scaring the intelligence out of Wall Street, and now they are bearing down on the low hanging fruit - the small business community.
1294
I run a company in the middle of this sector. Most of the product we distribute either comes wholly from China or is made with Chinese sub assemblies. We just distribute, not manufacture - the top-selling brands in our segments. Even a slight delay in the supply chain causes serious problems for cash flow, ability to keep people employed, paying vendors, etc. Yes, many of these manufacturers are trying to move away from China (starting with the tariff uncertainty of 2019) but that is a multi-year process. Read about the lack of infrastructure in places like Viet Nam or India that Apple and other have encountered as they are moving some of their capacity out of China.
We can certainly sit here and say “told ya so” but that doesn’t change where we are today.
Set up your online site ! I don’t go to fairs of any sort anymore ~ everything is online, long before this Virus has presented itself.
Do we really need Yahoo to explain things to us?
Is it a coincidence that Yahoo! Finance went live with a cable TV channel RIGHT BEFORE THIS ALL STARTED HAPPENING?
I think not.
So Yahoo is urging us to spread the love around by buying only a six-pack and one box of ammo per small business.
Okay...
The CDC says 18,000 people so far this season have died from the flu in the United States.
Yep - now they’re going with a version of “Women and children hurt the worst”...
All the spinning makes me think of Tommy Roe’s “Dizzy”
Dizzy
I’m so dizzy, my head is spinnin’
Like a whirlpool, it never ends
And it’s you, girl (Dems), makin’ it spin
You’re makin’ me dizzy