[pierrem15]

Williamson is an ass: most of this investment is in T-Bills, Wall Street and real-estate, which means the trade deficit helps subsidize profligate spending by the Federal government and asset bubbles.

[SeekAndFind]

RE: Williamson is an ass: most of this investment is in T-Bills, Wall Street and real-estate,

Did he publish this for all to see?

[semimojo]

...most of this investment is in T-Bills, Wall Street and real-estate, which means the trade deficit helps subsidize profligate spending by the Federal government and asset bubbles.

Thanks for actually addressing the point of the article.

I'm not sure what else you would want them to invest in. Wall Street means investment in US Companies, which allows them to expand and create jobs.

The real estate they invest in never leaves the country, profits the American who sold it, and helps support the real estate market.

Buying our T-Bills keeps interest rates down and benefits every US taxpayer.

Do you think Congress and the President will suddenly stop their profligate spending just because China cuts back on T-Bill purchases and increases our cost of borrowing?