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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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