No. of Recommendations: 1
Am I reading thre second FRED chart right?
Below the words "Here’s our net international investment position, the difference between U.S. assets abroad and foreign assets here, shown as a percentage of GDP:"
Foreigners own 9/1000 of US GDP as net investments. Is that supposed to be scary?
FWIW there are a lot of - too many - disastrous policies being implemented but I am absolutely not going to worry about a "sudden stop" to foreigners buying US assets. Zero.
Worry far more about tariffs, vaccinations, social unrest, legitimizing racism and prejudice etc etc. The list is longer than Trump's tie.
Maybe my confirmation bias but Krugman the lefty is about as "brilliant" as Laffer the righty. Wrong and overhyped.
