Kyle Bass remains apocalyptic, likes Switzerland
By Lawrence Delevingne
Thu Nov 4, 2010
Speaking at the AR Symposium, Bass issued warnings on Japan, Europe and U.S. debt levels. He spared a few kind words for Switzerland.
|Kyle Bass (Photo: Bloomberg)
Kyle Bass of Hayman Advisors is more convinced of his
bearish macro views than ever before, but he—and
investors—are still waiting for the doomsday defaults
Bass, delivering a keynote address at the 2010 AR Symposium in
New York City, repeated his thesis that Japan will default and
the yen is one of several currencies that will be
"There’s a mathematical limit to the amount of
debt you can take on. You can’t keep layering on
debt and expect to grow," said Bass of Japan, which is spending
far more than its revenues even as the tax-paying population
shrinks. "They’ve put themselves in a check-mate
Bass also outlined his bearish views on the financial
prospects of highly-indebted European nations. Bass said
ISSN: 2151-1845 / CDC10004H
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