Mark Hart On Real Vision says China could devalue by 50%!
Extreme credit growth usually leads to a credit bust,” Mr. Hart said in an interview on Real Vision TV — a new media venture in which sophisticated investors and financial experts offer their insights to fellow practitioners in a Charlie Rose-style format. In the video, which was produced a year ago — well before the recent currency devaluation — Mr. Hart explained how investors pulling their money out of China would lead to a collapse of the renminbi. “It is the story of 1997 and the Asian currency crisis,”
See more commentary from NYT, video embedded below
H/T Climateer Invest