Have A Major Made In China Purchase In Mind?
Got an email from Lin at 0300 (around 11 hours difference). "David, I highly recommend you buy important things soon. China is having difficuties (sic) and many factories in Guangdong are closing. Wor...
Forum Discussion
Snowman9000 wrote:DutchmenSport wrote:
Well, if "China" goes "belly-up", I guess we just "Buy American" again, and put some of our unemployed back to work! Sounds OK to me!
How much more will you be willing to pay? If a $400 TV goes to $1000, no problem? Our consumer lifestyle is based on cheap stuff from China. I personally don't care, I think we buy too much krap anyway. But at this point there won't be replacement American goods. There will just be a lot of things no longer available.
Interesting news indeed.
Edit to add: The market will work this out in any event. If there is too much supply over there, some will finally go broke. The survivors will raise prices, and we will pay more. That is, if the Chinese govt doesn't try to prop up all the broke companies.
If we end up having to "pay more", I'd rather pay more for a USA made products and keep the money here, than pay more and have the money go "there" and still end up with inferior products. Think about it.
