Monday, October 27, 2008

Word Wide Wave of Repercussions

So, sub-prime is contained? So American mindless head cut-off chicken shopping daze is coming to and end and it will only affect the local retailers? Bzzzt think again. Where is our stuff actually produced and shipped from? Think green? Bzzzzzzt 0 for 2, transpacific shipping. Good enough hint for you? The goods are made in China and the demand for goods has fallen off a cliff as we expected here. See the fallout from that. This factory will close on weak demand from usa clowsumers and the usa facade of a production and branding company cancelling orders int he Southern China factory zone...

Not much work can replace this since the Chinese wisely take a skeptical view of economic health and government capabilities and save like mad. For every 5% of their savings we in USA are about negative one. They save about 30%, we about -5%. Great job idiots!

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