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A comment on China lets yuan break 7-per-dollar level for first time in over a decade. Parent comment

Re:China lets yuan break 7-per-dollar level for first time i... by lofikrom on Monday August 05, 2019 @11:27AM (#20614913)
Crucially, if the so-called house of cards in China does crumble, we're likely to see residential and commercial real-estate suffer worldwide. This is the consequence of years of capital flight coming out of the country.
[ Parent | on HN ]
Re:China lets yuan break 7-per-dollar level for first time i... by buttcoinslol on Monday August 05, 2019 @11:48AM (#20615077)
Good, I'd like to buy property in the next 3-5 years, along with a bunch of other people who have been priced out due to cheap money.

Asset valuations are not in line with reality.

[ Parent | on HN ]