One month ago, we first revealed that for one prominent winner from the subprime crisis, Hayman Capital's Kyle Bass, " the greatest investment opportunity right now " is to short the Chinese Yuan: as he explained "given our views on credit contraction in Asia, and in China in particular, let's say they are going to go through a banking loss cycle like we went through during the Great Financial Crisis, there's one thing that is going to happen: China is going to have to dramatically devalue its currency. " He even went so far as to give a timeframe: " we think it's going to be in the next 12-18 months ." Then, during the Davos boondoggle , none other than the man who broke the Bank of England, George Soros, noted that he too is shorting the Yuan, which in turn prompted China's communist party mouthpiece, the People's Daily to officially warn Soros to back off adding in a petulant, schoolyard bully-ish voice " You Cannot
