“CHINA is like the US money crisis on STEROIDS” says Kyle Bass famous hedge fund owner.
China’s overreliance on real estate has sent its economy tumbling toward 2008-era financial conditions, Kyle Bass of Hayman Capital told CNBC on Tuesday. “This is just like the US money crisis on steroids,” the Hayman Capital founder said. “They have three and a half times more banking leverage than we did going into the crisis. … Read more