24 October 2012, so much for the increased U.S. investment U.S. President Barack Obama was calling for.  According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investing (FDI) into the U.S. has fallen 39.2% in the first six months of 2012!

The huge drop in FDI for the U.S. represents a shift, to developing countries and to China.

China also saw a drop in FDI, but by only 3%.  China is now the number one destination for the money from international investors!

Ironically (since according to Obama, U.S. investors need to spend their money at home in order to save the U.S. economy) $59.1 billion USD of the FDI into communist China came from U. S. capitalists!

According to Global Investment Trends Monitor, U.S. investors spent $57.4 billion at home, nearly two billion less than what they spent on investing into China.  (Mitt Romney anyone?)

The UNCTAD also shows that, for the first time, half of all global FDI went to developing countries.  However, some UNCTAD officials think the U.S. will see a slight increase in FDI for the second half of the Gregorian calendar year.