In the short run, sure. In the long run, what happens when many of the Chinese business owners who have been parking their wealth on the coasts of America face a liquidity crunch and suddenly need that money to keep their companies going?
We've been here before: back in the 80s, Japan was buying up most of the real, tangible assets in the U.S.
The cause was the same: strong export products, an undervalued currency, and easy-money policies. The first signs of trouble were the same: high inflation, crony capitalism, and poor transparency in the market. Let's see if the rest of history plays out the same way.
We've been here before: back in the 80s, Japan was buying up most of the real, tangible assets in the U.S.
http://www.businessinsider.com/japans-eighties-america-buyin...
The cause was the same: strong export products, an undervalued currency, and easy-money policies. The first signs of trouble were the same: high inflation, crony capitalism, and poor transparency in the market. Let's see if the rest of history plays out the same way.