|
this article tends to leave that out unless you read between the lines.
The U.S. paid foreigners less income on their holdings of American assets than it received from U.S. investment abroad. That's helped to restrain the deficit.
Foreign Earnings
Foreign earnings on U.S. assets, including wages and other compensation, rose to $118.2 billion in the third quarter from $112.7 billion in the previous three months. Income on overseas assets held by U.S. investors rose to $118.7 billion from $111.1 billion. That left a $512 million surplus on income payments, compared with a $1.5 billion deficit in the second quarter.
There's a lot of bucks leaving our shores for investments overseas, there have been several articles on that posted here in the past.
Then you gotta ask, how many of these "foreign investors" Greenspin lauds are hedge funds based in the Caribbean?
Greenspan
The U.S. has been able to support a record current-account deficit in part because individuals, companies and governments are more willing to invest their money outside of their home markets, Greenspan said Nov. 14 in a speech to the Banco de Mexico.
:eyes: Uhhh - yeah, right. With that line in mind, read the last 4 paragraphs of that article :scared: :hurts:
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
