From Zero Hedge:
"Given our views on credit contraction in Asia, and in China in particular, let's say they are going to go through a banking loss cycle like we went through during the Great Financial Crisis, there's one thing that is going to happen: China is going to have to dramatically devalue its currency."
http://www.zerohedge.com/news/2016-01-04/kyle-bass-greatest-investment-opportunity-right-now
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