4 ms·
Two decades of exporting the US dollar for low-cost Chinese goods. Now the Chinese has fistfuls of US 'paper coupons' and have to redeem them somewhere (US rea
by jonkho 11y ago
Two decades of exporting the US dollar for low-cost Chinese goods. Now the Chinese has fistfuls of US 'paper coupons' and have to redeem them somewhere (US real estate). US home prices go up for everyone. It's tit for tat. No free lunch.
- bitdiddle 11y agoAgreed, this is much like the situation in the 80s, and generally a good thing. The only question I would have is what happened to export controls of capital? Is all this money legit? Cash is king I guess.