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Fortune: How do you make money off this?
Kyle Bass: What we think is likely to happen is that the Chinese currency is likely to devalue. The next devaluation they do will be somewhere between 15%-20%. If and when they do, these other currencies are going to have betas to China. We think the Singapore dollar and Thai baht are going to devalue even more than China.
Fortune: How do you make money off this?
Kyle Bass: What we think is likely to happen is that the Chinese currency is likely to devalue. The next devaluation they do will be somewhere between 15%-20%. If and when they do, these other currencies are going to have betas to China. We think the Singapore dollar and Thai baht are going to devalue even more than China.
[text] Kyle Bass: Emerging Market Currency Crisis is Coming, Look for 15-20 Percent Devaluation in Yuan and More in Other EM Currencies - Fortune
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