Kyle Bass Bearish on Emerging Markets for at least 2 More Years. Looking to Short Currencies

From  octafinance's blog:

Kyle Bass, the founder and manager of Hayman Capital and the man who spotted and shorted successfully the subprime bubble was interviewed today at CNBC. He shared his macro views during the “Squawk on the Street” and revealed that he is bearish emerging markets and believes that the Chinese economical issues are just starting and that’s because the banking sector still has more bad debts to reveal and write-off. According to Kyle the loans pass due in 90 days grew by the whooping 167% just for half an year. He thinks that it will take at least 2-3 quarters until the banking sector reaches its NPL peak and thinks that this will force the government to recap its banks. But Kyle shares that it will be at least 2 more years until the emerging market slowdown is over and banking problems are fixed.

http://www.zerohedge.com/news/2015-09-17/kyle-bass-bearish-emerging-markets-least-2-more-years-looking-short-currencies