May
11
Hong Kong Property Market in `Free Fall’: Hayman’s Bass
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Says credit growth in Southeast Asia emerging markets reckless
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China in ‘hard landing as we speak,’ manager tells SALT crowd
Kyle Bass, the hedge-fund manager who’s wagering on a slowdown in China’s economy, said Hong Kong’s property market is in “free fall” and the credit expansion in Southeast Asian emerging markets will unravel.
“Hong Kong’s in a worse position than it was in prior to the ’97 crisis today,” Bass said at the SkyBridge Alternatives Conference in Las Vegas on Wednesday. He said credit in Asian emerging markets has grown “recklessly,” citing Malaysia and Thailand…
Hong Kong Property Market in `Free Fall’: Hayman’s Bass
