Thread: Business getting hard ??

Originally Posted by iowadawg

Funny, but the facts are:
The USA only purchases about 3% of goods sold in USA from China.

Most chinese goods are cheaply made, made with banned chemicals, etc.

And the USA still produces a lot of products that are the best on the market.

Look at GE.
Majority of their workers are in the USA.
Yet the majority of their business is outside the USA.

Statistics can lie. US produces a lot of food products, coal, lumber, building supplies etc. But manufactured goods I'd bet that the US imports more than 3%

On the other hand, a recession can be a entrepreneurship opportunity as new markets and buyers emerge.

How Much Do We Buy From China? : Planet Money : NPR

It feels like everything we buy comes from China. In fact, less than 3 percent of personal spending in the U.S. goes to China, according to a new report from the SF Fed.

That's partly because most personal spending goes to things like health care and housing that are, by definition, produced in the U.S.


But even when you look at the "goods" category, Americans spend way more on stuff that's made in the U.S. than on stuff that's made in China.


For the big-ticket items in the durable goods category (cars, furniture, etc.), about two thirds of personal spending goes to stuff made in the U.S. Just over 10 percent goes to China.


For smaller stuff — food, clothes, gas, etc. — 76 percent of personal spending goes to goods made in the U.S., and 6 percent goes to goods made in China.

See, one must look at the big picture!

Originally Posted by iowadawg

How Much Do We Buy From China? : Planet Money : NPR

It feels like everything we buy comes from China. In fact, less than 3 percent of personal spending in the U.S. goes to China, according to a new report from the SF Fed.

That's partly because most personal spending goes to things like health care and housing that are, by definition, produced in the U.S.


But even when you look at the "goods" category, Americans spend way more on stuff that's made in the U.S. than on stuff that's made in China.


For the big-ticket items in the durable goods category (cars, furniture, etc.), about two thirds of personal spending goes to stuff made in the U.S. Just over 10 percent goes to China.


For smaller stuff — food, clothes, gas, etc. — 76 percent of personal spending goes to goods made in the U.S., and 6 percent goes to goods made in China.

See, one must look at the big picture!

These statistics can be a little shewed as one big ticket item like a 767 dreamer liner equals hundreds of millions of small items at Walmart.

Did you bother to read?
It is BROKEN DOWN>
Geesh....
You must be a seller of made in china crap.

Originally Posted by iowadawg

Did you bother to read?
It is BROKEN DOWN>
Geesh....
You must be a seller of made in china crap.

Yeah. Clothing/shoes and household equipment are the big China buys. But you've made a point that there is a big market for US goods and services.

US and European Companies have to find way to be more efficient; in terms of cost at least. Even if they differentiate there product but at the end of the day Price matters for most of the people, right?

I wonder how many of the products that have marked "made in the USA" have 100% US content. It;s almost impossible to find a computer or electronics made in the US.

Anyway the business climate isn't good. There's a 30% chance the US and Europe will go into a recession this year.

Chances of recession are high, and if it comes to past, it will affect the entire world!
Look at China again.
Their many policies, etc. are costing them a ton of money they do not have.

Made in America?
Read this to find out what must and must no be done, included, etc. for a product to be tagged as "Made in America"
Complying with the Made in USA Standard | BCP Business Center

Electronics made in the USA:
Check INTEL
Just for one.

Originally Posted by iowadawg

Chances of recession are high, and if it comes to past, it will affect the entire world!
Look at China again.
Their many policies, etc. are costing them a ton of money they do not have.

Made in America?
Read this to find out what must and must no be done, included, etc. for a product to be tagged as "Made in America"
Complying with the Made in USA Standard | BCP Business Center

Electronics made in the USA:
Check INTEL
Just for one.

The United States reported a trade deficit equivalent to 53 Billion USD in June of 2011.
United States Balance of Trade

The trade deficit seems to be getting worse and unemployment rate is 9.2%

True, our appetite for oil and food and items from other countries is great!
And so far, it has been hard for us to compensate by selling more overseas. (usually tariffs, etc. stop our companies from selling in certain countries)

But the figures for trade imbalance do not take into account certain things:
Like how much of that money going overseas each month actually comes back in the form of wages, parts, etc.
In other words, we buy oil, and they turn around and pay American workers, etc. for being in the oil fields.