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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (209435)12/13/2002 11:05:41 AM
From: reaper  Read Replies (2) of 436258
 
interesting; folks keep telling me that whatever deflation there may be in the US is coming from China. yet it accounts for 10% of our imports and less than 1% of GDP. as Roach says, that's hardly enough to materially influence the aggregate price level in the US.

so i guess we will go back to blaming corrupt gov't statisticians for the microscopically small increases in the aggregate price level.

Cheers
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