“What economists at the Federal Reserve Bank of St. Louis noted in 2006 remains true today: “Capital account surpluses, and therefore current account deficits, are being driven primarily by foreign demand for U.S. assets” — not by unfair trade practices, cheap foreign labor or currency manipulation.”
If I interpret this correctly, the practice of selling the assets ( and I would guess real estate is a primary asset) of this country to foreigners is a “good thing!” Having the Ch1nks own an ever-increasing percentage of our land that they are able to buy with their trade surplus bucks will end up with them being able to take over our country without firing a shot! But hey, the Wall St. folks can just wall off Long Island for themselves, so it won’t be a problem.
And another term for that is liquidation: the owners (the USA as a whole) selling off assets to pay current obligations. Pretty strange that some economists think selling off assets is a positive trend. Maybe we'll someday settle all our foreign debt by selling off Alaska, or selling off drilling and mining and timber rights on federal lands. Wouldn't that be great.