Comments on: America’s Trade Deficit Is A Blessing http://hispanicpundit.com/2006/02/27/americas-trade-deficit-is-a-blessing/ Fri, 29 Aug 2008 23:06:44 +0000 http://wordpress.org/?v=2.3.2 By: W. Raymond Mills http://hispanicpundit.com/2006/02/27/americas-trade-deficit-is-a-blessing/#comment-84758 W. Raymond Mills Fri, 03 Mar 2006 02:02:58 +0000 http://hispanicpundit.com/2006/02/27/americas-trade-deficit-is-a-blessing/#comment-84758 Foreign ownership of U. S. assets is bad. Wealth created in the U. S. is shipped overseas due to foreign ownership of U. S. assets. I prefer the U. S. to own assets in other countries rather than vice versa. Net International Investment position shows foreigners own much more of U. S. assets than vice versa. Whenever they wish, these U. S. assets can be converted into dollars and used to buy anything that is for sale in the U. S. Ability to buy is slightly less worse than debt. Foreign ownership of U. S. assets is bad. Wealth created in the U. S. is shipped overseas due to foreign ownership of U. S. assets.

I prefer the U. S. to own assets in other countries rather than vice versa.

Net International Investment position shows foreigners own much more of U. S. assets than vice versa. Whenever they wish, these U. S. assets can be converted into dollars and used to buy anything that is for sale in the U. S.

Ability to buy is slightly less worse than debt.

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