In New Letter Kyle Bass Warns On China “The Inmate is Now Running the Asylum”Jacob Wolinsky
Kyle Bass wrote his first letter to investors in several years. The topic of the discussion is of the economic danger in China and specifically Hong Kong. ValueWalk has just obtained a copy so stay tuned for more coverage soon.
Below is a brief excerpt from the intro
The Quiet Panic in Hong Kong
For the better part of the last 36 years, since Hong Kong pegged its currency to the USD and ceded monetary policy to the Fed, Hong Kong has been a financial and political oasis for investment into mainland China and Southeast Asia. Today, newly emergent economic and political risks threaten Hong Kong’s decades of stability. These risks are so large that they merit immediate attention on both fronts.
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