Hong Kong Is Sitting On A Massive Financial Time Bomb: Kyle Bass

At a time when the world is watching the U.S. for signs of a recession, some are looking elsewhere for signs of trouble. Kyle Bass of Hayman Capital is looking to Hong Kong, which he says “currently sits atop one of the largest financial time bombs in history.” Hong Kong’s big problem In his April letter to investors, which was reviewed by ValueWalk, he explained the serious problems facing the Hong Kong Monetary Authority (HKMA) right now. A large part of their problem is the fact that their economy is out of sync with the U.S.—even though their currency is…