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d_e_solomon  ·  4795 days ago  ·  link  ·    ·  parent  ·  post: D is for deflation
I could avoid some of the currency exposure by shorting an ADR or ETF, but even that would leave me exposed to the underlying currency. The problem from my perspective is the ability and willingness for the central government to intervene in the real estate market to sop up excess supply and/or inject capital into the banks to paper over the issue.