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Dark Matter: Tamny v. Feldstein

…ago. Twenty years ago, the U.S. investments abroad roughly equaled foreign investments in the U.S. Today, foreign investments in the U.S. exceed U.S. investments abroad by roughly $3 trillion or…

What the Oil money is doing

…and foreign-currency reserves have risen by more than that amount just since July. The soaring price of oil has helped Russia increase the federal budget tenfold since 1999 while paying…