4min chapter

Forward Guidance cover image

China’s Economic House Of Cards | Kyle Bass & Nick Glinsman

Forward Guidance

CHAPTER

The Asian Financial Crisis in 1998

In 1998, we had already in July 2nd of 97 is the day the Thai bot broke. Was it just a curious coincidence that it broke the day after the British handed Hong Kong back to the Chinese? The very next day the Asian financial crisis begin kind of en masse in 97. And what happened magically, a disease, a virus showed up in the perfect time to save their current account allow them to move into Hong Kong without tanks and guns. It happened perfectly.

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