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 to happen.
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 position."
Bass also outlined his bearish views on the financial
prospects of highly-indebted European nations. Bass said
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