The US constitution and legal protection of property rights makes the US a very attractive repository of the world’s wealth. Asians and nervous EU individuals flooded the US markets with capital. This huge infusion of foreign capital into equity and real estate markets benefited the US economy and the American people immensely. It certainly saved the people from the anti capitalist, socialist policies of the Obama administration.
From Petro-Dollars to Land-Dollars. The irony of recycling American wealth is bittersweet because we just end up enabling the lifestyles of truly awful people.