Record levels of cash flocking to the U.S.

A record breaking amount of cash is flocking to the United States.

http://money.cnn.com/2015/10/29/investing/cash-flocking-to-us-fdi-oecd-report/index.html

Foreign direct investment into the U.S. hit $200 billion in the first half of 2015, a record high according to a report published Thursday by the Organization for Economic Cooperation and Development (OECD).

It's a sign that global investors are optimistic about the U.S. economyat a time when the rest of the global economy undergoes a slowdown.

However, a lot of the money can be traced to foreign entities that are buying U.S. companies. Many of these companies then relocate overseas to escape high corporate taxes in the United States.

"These flows were driven not just by the improved economic performance in the United States but also by cross-border M&A designed to reduce companies' U.S. tax obligations," the OECD said in its report.

About $86 billion of the $200 billion went towards chemical companies. Another $80 billion to manufacturing companies. The OECD surmises that most of these funded mergers.

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