Stitch, No I don't have a breakdown. When I find something, I'll post. The article below refers to "manufacturing" (vs. services) being hurt by imports. But that's pretty obvious.
Here's another one of those, "Asia's problems are "GOOD" for the USA because, etc." It is so strange that we can import like crazy, grow our economy, keep inflation down, and maintain a strong dollar. But it's hard to argue with the facts. This article attempts to tie it all together.
>>As for the Asian crisis, it seems to be helping our economy more than it is hurting it. Keep in mind that we are principally a domestic, consumer-driven economy. People have been helped by declines in prices of oil, consumer electronics, autos and apparel, to name a few.
This has helped bring inflation down, and with it, long-term interest rates. Interest rates have also been pushed lower by flight capital entering the country, seeking refuge from the collapse of many Asian economies. In turn, this has made it easier for U.S. citizens to borrow, thus boosting spending.
And, of course, it has helped the stock market. While some manufacturing companies have clearly been hurt, remember that 80 percent of our labor force works in the service sector.<< |
