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CBS News

Uh-oh, Ben Stein Says Not to Worry About China

Parallels With Subprime Mortgage Melt-Down “The U.S. economy’s output is roughly $18.4 trillion per year. Total exports to China are very roughly $120 billion per year. That’s a lot of hamburgers, but it’s roughly seven-tenths of one percent of the U.S. economy. If our exports to China fell by 20 percent — a large number — that...
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