from Follow the Money

Yet more evidence that the US is the best place in the world to invest ..

September 5, 2006

Blog Post

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United States

Budget, Debt, and Deficits

Trade

Or maybe not.

On the plus side, the US is once again looking at large valuation gains on its external portfolio. So the US – in aggregate -- can finance its deficits in large part by borrowing against the rising value of its external assets.

Watch out should America's creditors ever realize that they are getting taken to the cleaners, year in and year out.   

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United States

Budget, Debt, and Deficits

Trade

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