There is a fine rebuttal to Buffet's article appearing in the Capital Flow Watch
web log, under the title "Warren Buffet Fears Foreign Ownership"
. This web log also has several other articles debunking panic attacks about the "trade deficit".
I'm not smart enough to agree or disagree with Buffet, but lets look at what's happened to the dollar vs the Yen and Euro since he wrote this article (Oct. 2003).
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