Fire sale!
I'm not an economist, so if anybody smarter than me wants to correct my interpretation of this, please do:
What i think that means is that even when things start "improving" in the domestic economy, that more and more of the profits are going to be going overseas to our new "investors," who include, as i recall, all those foreign governments picking up equity positions in US financial institutions, generally at bargain basement prices.
In other words, the productive capacity of the US is on sale right now.
Despite signs of a slowing economy, foreign investors continued to pour money into U.S. investments. Net overall capital inflows into the United States surged to $149.9 billion in November, from a revised $92.2 billion in October, the Treasury Department said.
November's inflows were more than sufficient to cover the month's U.S. trade deficit of $63.1 billion.
Net long-term capital inflows totaled $90.9 billion compared with $114.0 billion in October.
What i think that means is that even when things start "improving" in the domestic economy, that more and more of the profits are going to be going overseas to our new "investors," who include, as i recall, all those foreign governments picking up equity positions in US financial institutions, generally at bargain basement prices.
In other words, the productive capacity of the US is on sale right now.
Labels: economy
Since 1949, Durhamites have slept soundly, secure in the knowledge that, in our town, erection can be depended upon. Now, thanks to the power of the internets, we can spread that security all over the world.
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