IPFS News Link • China
KYLE BASS: China Isn't Just Slowing Down — It's Contracting
• Business InsiderBass changed one aspect of his outlook on Japan. Instead of predicting a collapse of the Japanese bond market, he focused on a severe weakening of the yen – without predicting when that might happen.
His predictions for China were equally distressing. He said that its banks will be saddled with non-performing loans and that its economy is actually contracting.