HK banks now provisioning only 1.7% of their revenues for loan losses!
That’s close to a record low.
Even below levels prior to the Asian Crisis!Are HK banks accurately depicting the potential for credit losses?
Their historical average is about 12% of revenues. pic.twitter.com/kC8NtlZwjx
— Otavio (Tavi) Costa (@TaviCosta) September 3, 2019
Otavio is the man,
Long #Gold Short #Yuan HK dollars
some of his Macro trades of CenturyLate MAY 2019
7:30 to 13:00 min,
'Tavi freaking nailed this…t.co/UFq5cQ3vK6
h/t @TaviCostaRe: petro yawns -> @JasonEBurack @Smaulgld t.co/OWHeGbFYtP
— James Henry Anderson (@jameshenryand) September 3, 2019
Views: