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Hong Kong’s 🇭🇰 housing and banking crisis just worsened. According to the HKMA, 140 billion was underwater at YE 2023, in Jan 2024, the denominator crumbled another -20%+ (price war and ordered liquidation of NEvergrande). They are going to have to redraw this chart. #HK #Crisis
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🇺🇸 Kyle Bass 🇹🇼
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