[jluetjen]

WI wide body; Where do you account for "assets" such as mortgage debt being purchased by foreigners within your economic model? Is this another example of how foreigners are buying up the US??? I assume that you perceive transactions such as this as extending the US debt load to foreign countries. If the debt is written down -- does that enter into you model anywhere? How about if it is paid for in "weak" dollars? So essentially it's dollar inflation for foreigners that doesn't directly impact the US economy. Currently I'm not aware of anyone screaming "Runaway inflation!!!" in the US economy.