Thanks for actually addressing the point of the article.
I'm not sure what else you would want them to invest in. Wall Street means investment in US Companies, which allows them to expand and create jobs.
The real estate they invest in never leaves the country, profits the American who sold it, and helps support the real estate market.
Buying our T-Bills keeps interest rates down and benefits every US taxpayer.
Do you think Congress and the President will suddenly stop their profligate spending just because China cuts back on T-Bill purchases and increases our cost of borrowing?
Really? Does it do that, or does it just result in a stock bubble? It seems to me to be the latter, because I sure don't see the jobs.
The real estate they invest in never leaves the country, profits the American who sold it, and helps support the real estate market.
Another asset bubble, just like the Japanese big commercial real-estate 'investments' in the late 80's.
Buying our T-Bills keeps interest rates down and benefits every US taxpayer.
You mean benefiting every special interest: to me, this is a forced loan in my name used to benefit the banks and public employees. If government spending is out of control, interest rates should rise on T-Bills to reflect the glut of debt and heightened risk. If they don't rise, the market is being manipulated.
When foreigners who are not here invest in real estate, we end up subsidizing it. The roads, the police and fire fighting, etc, which make the property valuable or even viable, are not paid for with property taxes but other taxes the foreign-based owner is not contributing to.
Most nations have limits or prohibitions on the amount of investing foreigners can participate in. we think it’s good because the dollars are back in the US, but it’s not great because control is no longer in the hands of someone who might have US interests in mind.
Why exchange US dollars, which maintain or increase in value, for goods which will have a precipitous decline in value over the first 2 or 3 years?