Jan.15 — Kyle Bass, Hayman Capital Management founder and chief investment officer, says Hong Kong is poised to experience a “full-fledged banking crisis” …
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kyle bass is a great person but do I trust him? 100 percent but, I do listen to Kyle Bass and he makes sense but
Kyle Bass' crystal ball is even worse than Gordon Chang's
It's not leverage by itself that causes a crash. It's leverage combined with failing to accurately assess risk. With the 2008 financial crisis, the global financial industry failed to recognize the fragility that came with all the mortgage-backed securities. In contrast, I would hope that the Hong Kong financial system has been smart enough to recognize that the tourism and high end retail sectors of the HK economy could get hit hard all at once. That has happened twice in recent memory with SARS and with the 2008 financial crisis, so I would think that they would be smart enough not get caught by surprise by that happening now.
Ok. The west supports a protest movement in HK, western media gloating it along, then they short it. This Kyle chap is a real racist.
Viewers please note. I've been watching this guys for a long time. Don't bet on him. In fact, if U want to profit from what he says, be a Contranian. Do the exact opposite and laugh!
Poor Kyle, he was on CNBC with Steve Bannon and made the mistake of bringing up Chinese concentration camps, organ harvesting etc. The CNBC Talking Heads didn't like-that, it made them uncomfortable, so they shut him out of the conversation completely. Steve Bannon did some tap-dancing around the issue by talking about Hong Kong street protests (it's a much friendlier subject than Death Camps). Old Steve knows how to play the game. It was revolting to-see how American media ignores atrocities to protect "potential" Chinese business. No more talking to Kyle, he might get us locked out of a market with 1.5 billion people in-it. Let's switch to cellphone privacy rights….OK, Neville Chamberlain, it's Springtime for Xi and China.
Can a company borrow money from a bank then purchase bank corporate bonds or other company bonds and make money on the spread?
Talking his books.
What is hilarious is that the US is on the verge of a complete financial crisis in the repo market.
What a heap of BS, another backdoor economist doing FAKE NEWS.
KYBass is also a part-time corporate saboteur.
Amazing why a so called reputable news agency will want to interview someone i has a political agenda. I honestly doubt he is talking facts?
We need more people like Kyle Bass spreading the China collapse prediction so that no one will take China seriously as it overtakes the US
Bass is brilliant. Lots of people have analyzed the markets correctly since 2009 but have not yet been proven right, but this is due to continued attempts by governments and central banks to delay the inevitable. Saying that he hasn’t been right on outcomes since then means only that when the inevitable comes, massive profits are to be had. Don’t let the short sighted, casual observers of markets cause you to veer from obvious conclusions.
Hong Kong is finished. You hit the peak. It's all down hill from now. Tourist save all yr for relaxing. that want to relaxed. Your tourist came to Honolulu. We broke 10-1/2 million tourist a record 2019. While your peak dec – feb is at 20-40 % reservations and they have dropped the room at 9 buck a night but till no tourist is coming. Thank you Hong Kong we're will show your china and England tourist true Hawaiian hospitality and next yr they will come back. You distroyed what your father and grand father build up 20 yr down the drain.
Why do you care? Oh wait you shorted the market here and it’s not happening so you’re losses are big time, BIGTIME! You’re wrong about full fledge bank collapse. I don’t see it here. I’d be careful about what Bass says. Don’t listen to him. Hsbc froze your account. Awesome!!!
Hong Kong banks are the Chinese Communist Party's favorite method for money laundering.
Hong Kong has the worst quality of life in the world = no real, happy future. They will all try to migrate to Canada some day.
Kyle Bass cannot be trusted!!! He is currently serving as a board member of Business Executives for National Security. https://en.wikipedia.org/wiki/Business_Executives_for_National_Security
Well simple, Hong Kong is no longer important for China, because a lot of cities can replace Hong Kong, China can abandon Hong Kong, it doesn’t matter if the economy is crushing there, the people are going to move out anyway, guess who can not abandon Hong Kong? I am guessing CIA, if they lose HongKong they lose 80% of their underground networks in China
The whole world economy is gonna collapse, Japan, Germany, Brexit, Hong Kong
Then the U.S.
HK needs remodeling after they self destruct themselves already.
When corporations, banks, and billionaires partner with governments , the commoners get ignored, silenced, robbed incarcerated, and killed .
I'm from HK and this guy is a joker and he doesn't really know what he is talking about
Good job to hongkeys for your indiscipline and rebellion only to your disadvantage.
Kyle is a BIG TIME shorter on Asian currency. He's not credible
Those dumb kids in HK don't care.
We need more people like Kyle Bass: to spread the bad news of China's imminent collapse as it quietly overtakes the US