An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, February 5, 2021
Ramanan — U.S. Net International Investment Position
The US is on an unsustainable trajectory based on Wynne Godley's analysis.
“ Our new analysis shows that foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement accounts of US households owned about 30 percent in 2019, and the taxable accounts of US investors owned about 25 percent, which is most of the rest.”
“ These days most concrete in the United States comes from manufacturers headquartered in other countries, usually with branches and plants within the states. ”
They don’t even want their own shitty stuff they’d rather own in the US... same with their munnie they’d all rather have USD balances...
This has been going on since the Cold War... none of these foreign people want to do their primary business in their own countries... they’d much rather be here...
Chicomms can’t even feed their own people they are over there eating dogs and bats so what do they do?
Take their surplus USDs and buy some decent food for their people from US producers?
Nooooooooooooo.....
They being the disgraced USD fanboys that they are instead of course come over here and get in business selling food to US people...
Look up at link... Second largest concrete company in US is Mexicans... you go there and look at that place the whole place is falling down roads are shit..,so what do the Mexicans do fix up their own hovel country?
Nooooooooo....
They of course come up here and get in business selling concrete to US people....
Chinese military would convert to landscaping service in US in 2 seconds and would paratroop in grass cutters for $15 if we let them...
“Carlos Ghosn’s drive to increase Nissan Motor Co. ’s share of the U.S. market added to tension with the auto maker’s management, who felt his push came at the expense of investing in Japan.”
Ghosn was just going to move the thing to the US where the main market is ... so of course the USD zombie Japanese ptb had him arrested....
All you gotta do is flip the headquarters of these companies that do the majority or the primary part of their business in the US from a foreign headquartered jurisdiction to the US and these numbers will flip too...
Accounting is neither “sustainable” or “unsustainable” ... it’s the same thing with “the deficit!” people are always getting worried about...
What matters is what the people are actually doing and where they are actually doing it...
I guess proceeding over 10 years without a problem is “not sustainable “...
ReplyDeletehttps://www.taxpolicycenter.org/taxvox/who-owns-us-stock-foreigners-and-rich-americans
ReplyDelete“ Our new analysis shows that foreign investors owned about 40 percent of US corporate equity in 2019, up substantially over the last few decades. Retirement accounts of US households owned about 30 percent in 2019, and the taxable accounts of US investors owned about 25 percent, which is most of the rest.”
https://www.thomasnet.com/articles/top-suppliers/concrete-companies-suppliers/
“ These days most concrete in the United States comes from manufacturers headquartered in other countries, usually with branches and plants within the states. ”
They don’t even want their own shitty stuff they’d rather own in the US... same with their munnie they’d all rather have USD balances...
This has been going on since the Cold War... none of these foreign people want to do their primary business in their own countries... they’d much rather be here...
They don’t call it the turd world for nothing...
https://www.foxbusiness.com/money/china-buys-smithfield-foods-owned-wh-group
ReplyDeleteChicomms can’t even feed their own people they are over there eating dogs and bats so what do they do?
Take their surplus USDs and buy some decent food for their people from US producers?
Nooooooooooooo.....
They being the disgraced USD fanboys that they are instead of course come over here and get in business selling food to US people...
Look up at link... Second largest concrete company in US is Mexicans... you go there and look at that place the whole place is falling down roads are shit..,so what do the Mexicans do fix up their own hovel country?
Nooooooooo....
They of course come up here and get in business selling concrete to US people....
Chinese military would convert to landscaping service in US in 2 seconds and would paratroop in grass cutters for $15 if we let them...
The whole globe is populated with USD zombies..,
Here’s another one
ReplyDeletehttps://en.wikipedia.org/wiki/Toronto-Dominion_Bank
More branches in the US than in Canada... read it...
Studio condo in Toronto going for 500k no housing being developed there so what do these canucks do?
Use their Capital to create new housing supply for their people?
Noooooooooooooo...
Come down here and instead sell banking services to US people for USDs...
It’s not a question of whether this is “unsustainable!”...
ReplyDeleteIt’s manifestly sustainable in fact it is growing and sometimes accelerating depending on US policy towards foreign ownership...
It’s up to the people running these multinational firms with foreign headquarters as to where they want to do their business...
And their preference is increasingly to do their business and grow their businesses in US to get USDs...
Here
https://en.wikipedia.org/wiki/Mercedes-Benz_Stadium
Daimler now doing the nfl in the south... the nfl....
Is there even a “Mercedes Benz stadium” in f-ing Germany?
I wouldn’t bet on it..,
https://www.wsj.com/articles/ghosns-u-s-push-raised-tension-with-nissan-executives-11545129000
ReplyDelete“Carlos Ghosn’s drive to increase Nissan Motor Co. ’s share of the U.S. market added to tension with the auto maker’s management, who felt his push came at the expense of investing in Japan.”
Ghosn was just going to move the thing to the US where the main market is ... so of course the USD zombie Japanese ptb had him arrested....
All you gotta do is flip the headquarters of these companies that do the majority or the primary part of their business in the US from a foreign headquartered jurisdiction to the US and these numbers will flip too...
ReplyDeleteAccounting is neither “sustainable” or “unsustainable” ... it’s the same thing with “the deficit!” people are always getting worried about...
What matters is what the people are actually doing and where they are actually doing it...