- George Gammon
Kyle Bass reveals HSBC insights 👉YOU’VE BEEN LOOKING FOR! 👈And I explain them in a simple and fast way that’s easy to understand. Kyle Bass is a legendary investor well known for his extremely rigorous analysis. He called US banking crisis in 2008 and now he’s calling for a Hong Kong banking crisis in 2020, specifically HSBC! Kyle Bass outlines his views starting with the extreme levels of debt in Hong Kong, and points out the banking sector is 850% of GDP! When a recession comes around that spells disaster for HSBC, especially considering Hong Kong accounts for 32% of HSBC’s revenue!! And the numbers Kyle Bass provides get even crazier. 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.