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To: RegulatorCountry
One out of every four mortgages in the US is owned by a foreign entity. The same applies to the current account deficit. The Chinese central bank buys treasuries with recycled dollars and it finances US government spending (and to a lesser extent private consumption and investment)
26 posted on 03/21/2006 2:49:53 PM PST by economist-student
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To: economist-student
One out of every four mortgages in the US is owned by a foreign entity.

Is there a public source for that datum?

32 posted on 03/21/2006 5:20:30 PM PST by expat_panama
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