The U.S. is currently running a deeply negative net international investment position (owing more on sovereign credit to other countries than other countries owe to the U.S.), and reversing this requires either: sustained structural trade surpluses and current account surpluses, or alternatively a long multi-decade process where U.S. assets perform poorly while international assets perform well, similar to the United Kingdom's decline over recent decades.

factualpending

Speaker

Lynn Alden

Evidence Quote

we had Decades of structural trade deficits and then that accumulated a deeply negative net International Investment position

Source

Lyn Alden: Money Is ‘Broken’, Markets Face ‘Rerating’ RisksDavid Lin
Created: 8/12/2026, 10:26:01 PM

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