Last I checked foreigners owned ~40% of U.S. stocks. It’s a strength and a risk. Asset pricing going up magnifies both. In a similar vain, there’s a reason why

Last I checked foreigners owned ~40% of U.S. stocks. It’s a strength and a risk. Asset pricing going up magnifies both. In a similar vain, there’s a reason why the RMB is not a major contender to the dollar yet. It’s more strategic to gain an increasing percentage of world trade and influence, then “flip the switch” and request/require/demand RMB over dollars. Look at bond yields in China, they’re every fixed income managers dream. They have a positive, meaningful yield and are very safe.