If the Hong Kong dollar was a free floating currency the issue wouldn’t be as bad according to Kyle Bass, but with the currency pegged to the US dollar it makes the situation grim. According to Bass, a peg only works if the economies of the two sovereigns are aligned. When they diverge it creates massive structural problems that usually end in collapse. And this time around Kyle Bass things the Hong Kong collapse is going to take down HSBC as well.
If you’re interested in the economy THIS IS A MUST WATCH VIDEO!
In this Kyle Bass and HSBC video I’ll discuss the following:
1. Explain Kyle Bass’s numbers on Hong Kong and HSBC.
2. Explain the dollar peg and how it spells disaster for Hong Kong and HSBC.
3. The HSBC end game outlined by Kyle Bass.
Links to videos featured. I’m always going to recommend Real Vision. 😉
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