Kyle Bass on China's looming banking crisis and the US economy – Fortune

Kyle Bass on China’s looming banking crisis and the US economy – Fortune
FortuneKyle Bass on China’s looming banking crisis and the US economyFortuneTheir economy is $10 trillion. What does that look like relative to the U.S. in 2008? When the U.S. was entering the financial crisis, the US banking system was [equivalent to] 100% of GDP, with $16 trillion of assets on the balance sheet. We had $1 …
Kyle Bass on China’s looming banking crisis and the US economy – Fortune