Bob Kendall's piece on 20 June where he notes "foreigners are buying out major assets..." reminds me of the hysteria when the Japanese were buying the Arco Building in LA, Pebble Beach and Rockefeller Centre.

It's an investment. And, they couldn't pick it up and take it to Japan. And, ironically, the Japanese over paid for everything.

Foreigners have historically invested in this country b ecause of our sound economy and political stability. They're buying more because the dollar is soft.

We are the foremost advocates of globalism; which has been good for every body. We can't pick and choose to be 'globalists' one minute and isolationists the next.

Get over it; get on with it; and stop freightening the average American with talk of recession or worse.