"DSK" wrote in message
.. .
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

Walmart's purchases account for roughly 3% of Chinese exports...which is
more than either Russia or Great Britain imports from China.



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

From where are you getting these figures? China's US Treasury bond holdings
in its foreign exchange reserves is roughly $180 billion. Last I checked,
toaal annual US GDP was $11.73 trillion.



... 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...


Of course I don't want to find out by trying it. But it's important to
debate the hypotheticals. And my best guess is that we'd have a recession
that would compare to the Carter years...and China would have a depression
that would dwarf even our Great Depression.