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 devalued.
“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