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I wonder how much of current asset appreciation is due to our largest trading partners (China, Europe, Japan, Korea, Taiwan) wanting to make sure they can maint

I wonder how much of current asset appreciation is due to our largest trading partners (China, Europe, Japan, Korea, Taiwan) wanting to make sure they can maintain large trade surpluses to maximize manufacturing employment. Rather than send trade proceeds home, they buy stuff in the US (treasuries and equities) to keep exchange rates stable.

imtringued 5y ago
It's actually a big reason we gave everyone and their dog mortgages before 2008. Too much foreign savings not being borrowed so the government made it easier to get mortgages.