6min chapter

Hidden Forces cover image

Kyle Bass | The Present Danger: America, China, and the Second Cold War

Hidden Forces

CHAPTER

Hong Kong's Economy Is Getting Worse

Hong kong's economy is falling off a cliff. It looks like a war zone in beyrout back during the civil war, right? When you peg your currency to another currency, you're basically letting, i say, let jesus take the wheel. And so when you are ceating your control of your monetary policy to another power, you must have synchronisty in your economy. I e, if our economy is growing and theirs is contracting, and we're raising rates while they're contracting, that is the worst possible thing that can happen to an eco.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode