david gale studios
fine art and ideology since 1978

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whatdougsees: A very interesting analysis by Galina Hale and Bart Hobijn of the San Francisco Fed concludes that very little of American personal consumption spending actually ends up in China. When Americans go buy stuff, they’re overwhelmingly buying things that are made in America. And yes, here’s another rant about the traditional media which, rather than educate, repeats sensational headlines.