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Kurt Ullman Kurt Ullman is offline
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Default Pet Food, Toothpaste, Lead Paint, and now....

In article 3eYHi.196022$fJ5.180033@pd7urf1no,
"Noozer" wrote:

"Kurt Ullman" wrote in message
...
In article %AXHi.90$A55.83@pd7urf2no, "Noozer"
wrote:


Of course the Chinese will have a smaller percentage of the DOLLAR value
of
imports... their cheap prices is what brings it in.

Tells you nothing. Then you equate a car imported from final assembly
in Canada the same as a 10 cent trinket from China.


No, you compare how many "trinkets" are made in Canada as compared to how
many are brought in from China. Ditto for the cars. How many a built
domestically and how many imported? (Of course, then you'd have to argue
origin of manufacture for the content of the vehicles.)



What does that tell you that is interesting? It gives you snap shot
of a specific industry. Some will do well in China, others don't. Talk
about obvious.



If 90% of all imports only accounts for 10% of the dollar value of
imports
then dollar value isn't a very good measuring stick.


Of course it is. You are looking at dollar value because that is
the measurement. You don't have a current accounts deficit of units, but
of dollars.


So, if one consumer purchases a single Canadian made shovel for $50 and ten
consumers purchase a Chinese made shovel for $5 the market is even? I think
not. 1 Canadian shovel does not equal 10 Chinese shovels.


In the economy and especially in things like balance of payments,
exactly the same. Besides, this tells nothing about the quality or
anything else of interest about the shovels. Differences in steel, for
instance between the two.