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re: Futures look like crap
Posted on 9/20/21 at 8:45 am to Doctor Strangelove
Posted on 9/20/21 at 8:45 am to Doctor Strangelove
quote:
Their housing bubble bursting will cause major havoc in world markets
No, it won't but it will absolutely reeeeeek domestic consumption as most of their families' entire net worth is tied to real estate because of decades of monetary debasement and uncertainty with the Yuan's stability. That's a big deal in 2021 because they have flipped to a current account deficit and depend more on the domestic economy than global exports.
1
Posted on 9/20/21 at 6:23 pm to wutangfinancial
quote:
decades of monetary debasement and uncertainty with the Yuan's stability. That's a big deal in 2021 because they have flipped to a current account deficit and depend more on the domestic economy than global exports.
Could china be biting the bullet, cleaning all this up, as a part of their plan/want to have the yuan replace the dollar?
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