CNN: U.S. panel wants to ban China from buying American firms

[maximuswarrior]

Yes, paranoia, protectionism are on the rise.

The US government can interfere with buying companies, but can they change the fundamental structure of global financials? Just look at the macro picture, US is a debtor nation, in fact #1 largest of all (-US$8.0428 trillion by June 2016), that means foreigner own net assets in this deficit-stricken country, aka "largest economy". China on the opposite is a creditor nation, that means China owning net assets in the world, ironically it's also #1 largest in the world, even larger than Japan and Germany.

Look further, there not even any sign of US slowing down in its external indebtness, in fact US position is further sinking at a break-neck speed of $1.8 trillion per year.

Can Greece afford to turn away foreign capital from buying Greek assets? Now, world's largest debtor nation say no to world's largest creditor nation on buying companies? Then buy what, treasury-bills?


https://defence.pk/threads/whos-worlds-4th-largest-creditor-nation.455610/

Paranoia + protectionism + arrogance = disaster

We are seeing it all unfold before our very eyes.

 

[AndrewJin]

Paranoia + protectionism + arrogance = disaster

We are seeing it all unfold before our very eyes.

I'm afraid Trump will disappoint those low-education racist, sexist, xenophobic and Islamaphobic white voters in the rust belt.

But one thing is for sure, the Trump Tower will be full of tenants, the Trump Empire will be 10 times wealthier.

 

[TaiShang]

I'm afraid Trump will disappoint those low-education racist, sexist, xenophobic and Islamaphobic white voters in the rust belt.

But one thing is for sure, the Trump Tower will be full of tenants, the Trump Empire will be 10 times wealthier.

Trump is putting his extended family all over the US government (executive).

They would call it corruption if happened in another country. I think in the US it is systemized and legalized, hence, people do not call it corruption.

Still I like Trump. Wish that he will create a more compact and streamlined US.

 

[bbccdd1470]

Trump is putting his extended family all over the US government

Actually this is a smart move, you always put someone you trust on key positions. On the other hand, putting someone that hate you will jeopardize your work. Especially how lonely Trump situation is, as most of the MSM and key politicians are against him. However, one thing I'm sure he is practical man, as his adjusting policies have shown, from deporting all illegal immigrants to only criminal one; and building a wall to wall plus fence. So I'm not really worry about his economic policy. If the tariffs and protectionism is indeed coming, then China should view that as normal competition and a push for our economic reforms.

 

[xunzi]

This will only bite them in the long run when the the highest bid is not chosen. US is very terrified of competition right now despite whatever they say about welcome competition.