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|User Info||Temblor Thursday - Challenge To Richard Fisher; entered at 2008-05-29 11:10:43|
Yep - and the mass-revaluation of the Yuan hasn't happened yet.|
I fully expect import prices to double, but since on most retail there is a 3:1 markup from manufacturer to retail, the impact at the store is likely to be somewhere around 30%, assuming the entire increase is passed on and not swallowed.
Of course if its swallowed in whole or part then it hits the "E" in P/E ratios.
Take your pick - either way we're ****ed.
Last modified: 2008-05-29 11:10:59 by genesis