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Howard Lutnick: “In 1985, we had net ownership of the rest of the world. We…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Published | Video Starts at 15:37

But what if you're America and you invent the light bulb and then you invent the transistor and then you invent the GPU and you're just too darn smart. So what they do with those dollars is they come in and buy us. In 1985, we had net ownership of the rest of the world. We were net an investor of $148 billion. the world's ownership of America and our ownership of them, that counts everything. Their bonds, companies, stocks, everything, everything. We were net an investor of $148 billion. (15:37–15:58)

CLAIM

Asserts that in 1985, the U.S. had a net ownership of $148 billion more of the world than vice versa.

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