Currency devaluations aren’t part of our usual dialogue. With China doing so this week to counter threatened extra tariffs by the USA, now there are rumors that the US will do the same with its currency.
On Monday, August 5th, the Dow closed down 767 points, and the Nasdaq Composite — a proxy for the technology companies that will be most harmed by a trade war — suffered its longest losing streak since November 2016.
Stormy and scary waters for sure, friends. This will affect real estate so it’s incumbent on us to pay attention. This NY Times article explains what’s at stake.