Notice anything wrong with this St Louis Fed chart showing U.S. imports from China?
Look at the figures down the left hand side. Imports are given as roughly $30,000 million: i.e. $30,000,000,000.
Still not got it?
Divide current imports from China by the U.S. population (roughly 300 million) and the answer is $100 per U.S. citizen per year.
Er . . . I think that’s a bit low. In fact I think there is a zero missing from those numbers down the left hand side.
I contacted the St Louis Fed to tell them. And they’ll probably write back to say it’s me that is talking bo**ocks (which it usually is).