Tuesday, August 30, 2011

Kyle Bass interview on CNBC

Kyle Bass from Hayman was on CNBC recently. Bass has been super bearish on the Japanese Yen, a thesis that has not worked out for him - yet. I share the same concern about the Yen since household savings rates are down sharply in Japan and it takes almost 100% of tax revenues to merely pay the interest on the debt, even at some of the lowest rates on the planet.

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