Aug
29

Inflation? What inflation

Researchers at the Federal Reserve Bank of San Francisco find that 2.7% of consumer spending went to Chinese made items. Moreover, for every $1 spent on Chinese made goods, fully 55 cents goes to US businesses for services like shipping, marketing, sales and advertising. So, even if inflation in China heats up, US consumers are not likely to feel it outside of clothing and shoes where China has 36% of all sales.

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