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DSK
 
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NOYB wrote:
Walmart has the Chinese over a barrell. Just think what would happen if
Wal-Mart decided tomorrow that it wouldn't buy products made in China any
longer. The Chinese economy would tank.


Which do you think would happen faster

1- Wal-Mart causes the collapse of the Chinese economy, relying on some
rather puny numbers (what percent of China's GDP does Wal-Mart
represent?) and an economic domino effect, rather indirect

2- the collapse of the US economy if China announced that they were
selling all their U.S. debt obligations... amounting to more than 7
times our total annual GDP... a rather overwhelming number and an
immediate market reaction

Y'know, I really really *don't* want to find out by trying it... if
you're smart, you wouldn't either...

DSK

 
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