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My countries economy is very closely tied to Chinas. I wonder what a Chinese financial crisis would look like here.
by lacampbell 9y ago
My countries economy is very closely tied to Chinas. I wonder what a Chinese financial crisis would look like here.
- toomuchtodo 9y agoLike a local financial crisis. On the plus side, tier 1 cities are going to cool off (real estate price wise) if a lot of Chinese money gets burned up instead of outflowed.
- pfarnsworth 9y agoIf by cool off you mean crash, then yes you're right. But it won't be a soft landing by any stretch of the imagination.
- toomuchtodo 9y agoTomatoe tomahtoe. Toronto's RE market is already hitting the brakes within the last week; buyers are walking from deposits, sales are down, listings have shot up. Everyone is trying to get out the door at once.
- spangry 9y agoAustralia?
- lacampbell 9y agoNZ
- mistermann 9y agoWith the amount of leverage in the system and the culture of "privatize profits, socialize risks", if China hiccups the rest of the world is in very serious trouble.
- vacri 9y agoThere'll be more Australians around, fleeing our economy when it tanks in response...