by Mike ‘Mish’ Shedlock
Last week the BEA report on U.S. Net International Investment Position showed that US liabilities to the rest of the world rose again.
The US net international position is now negative to the tune of $7.5 trillion.
[…] The U.S. net international investment position at the end of the first quarter of 2016 was -$7,525.6 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2015, the net investment position was -$7,280.6 billion.
U.S. assets increased $742.1 billion to $24,082.9 billion at the end of the first quarter (chart 2).