Here's a good, concise story on why some of the sensationalized press concerning the U.S. trade deficit, and foreign (Chinese) holdings of U.S. debt, may not necessarily be the danger signal some are raising.
I think the bottom line is, for us as well as our country, to try to ride with and capitalize on the flow of change, instead of resisting it. To do so without compromising one's morals can sometimes be challenging (I had to give in and provide high-speed internet access to my children, for the benefit of their education), but can be rewarding in many ways if done conscientiously, diligently, and correctly.
And in all things, stay in touch with the Adviser Who Knows All.
Sir Chuck, of the House of Trinity investment firm