Random Walk

Throughout America’s years of greed and envy, demand-siders complained incessantly of the large infusion of foreign capital into the United States. The Japanese were allegedly plotting to buy up all of America’s prized assets—everything from IBM (would that they had) to the Seattle Mariners baseball team to prime beach-front real estate.

To be sure, Reaganomics proved to be a magnet for foreign capital According to data compiled by the Bank Credit Analyst in Quebec, Canada, net long-term foreign investment in the United States peaked in 1988 at roughly $100 billion.

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Throughout America’s years of greed and envy, demand-siders complained incessantly of the large infusion of foreign capital into the United States. The Japanese were allegedly plotting to buy up all of America’s prized assets—everything from IBM (would that they had) to the Seattle Mariners baseball team to prime beach-front real estate.

To be sure, Reaganomics proved to be a magnet for foreign capital According to data compiled by the Bank Credit Analyst in Quebec, Canada, net long-term foreign investment in the United States peaked in 1988 at roughly $100 billion.