Tuesday, January 19, 2016

Hedge Fund Which Predicted The Subprime Crisis Expects Massive Yuan Devaluation In 2016

From Zero Hedge:

Today, another Texas-based hedge fund manager who just like Kyle Bass correctly predicted, and profited from, the subprime crisis, Corriente Advisors' Mark Hart, has not only reiterated Kyle Bass CNY devaluation call, but has gone as far as quantifying by how much the Chinese currency will have to fall. Cited by Bloomberg, Hart has said that "China should weaken its currency by more than 50 percent this year."

http://www.zerohedge.com/news/2016-01-19/hedge-fund-which-predicted-subprime-crisis-expects-massive-yuan-devaluation-2016

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