Re: Is US becoming cheaper?
Until an alternate market of comparable size and profitability develops China can never claim any advantage and will continue to be supplier to USA as well as buyer of US debt. India, Brazil, Russia are developing but obviously very far away from American level of consumption. China and to some degree Japan will and have been returning wealth to USA by means of buying stronger usd and holding it as it tanks steadily.
Buffet stopped before the story finished. We saw Japan buying up US real-estate some time ago. So what? It's not like they could move Rockefeller Center to Hokaido Buffet and any of us can short usd. China cannot because they are very long on it!