For this of you who don’t know who Kyle Bass is. He is the new John Paulson. Where Paulson screwed up this year thinking that our financial system would recover and bought heavily into the banking sector, Kyle Bass has adamantly maintained we are all going to hell in a hand basket sooner than later.
Kyle Bass Destroys The Ponzi-Prone Debt Sustainability Arguments Of The Status Quo…And Why Germany Cant Save The WorldSubmitted by Tyler Durden on 11/20/2011 16:08 -0500Germany Japan Kyle BassAnother noteworthy Kyle Bass moment as he discusses debt sustainability among major global sovereign nations. Simply and proficiently, the hedge fund manager describes how a dwindling current account surplus in Japan, US welfare economics, and the peripheral-to-core European stressors are all Madoff-like and unsustainable. Switching from broad-brush terms to the idiosyncratic complexities of each region, Bass offers his inimitable take – in a mere six minutes – on how the status quo is quivering under its own self-deception. His rightful conclusions remain extremely worrisome and should be required reading/watching for every central banker and politician trying to keep the dream alive.