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Today Kyle Bass managing partner Hayman Capital gave an interview today on CNBC, 12 noon. In the past Bass was correct with predicting the collapse of the sub-prime mortgage market. Now Kyle Bass says to David Faber, who interviewed him: "... given my outlook on the world, I don't know how I can be long stocks."
This interview is definitely worth watching.
Some points that were stressed during that interview by Bass:
He sees the European stress tests as not really valid, as the banks were mainly grading themselves, which kind of misses the point.
He thinks that the European Banking system is much more leveraged than the U.S. banking system. He uses the word "infinitely" in that context. He uses the European GDP as the measuring stick.
He thinks that Japan is basically broke.
He thinks that European banks have to restructure debtAs always: If somebody was able to predict something in the past, it does not mean that the investment advice that is given currently is any good. Please make sure that you do your own research and used different sources before making any investment decisions.Some points in the video (next page) are definitively worth considering.On the next page you can read more about Bass' Best Investment Ideas.
Bass' Best Investment Ideas
He loves for example high yield bank debts as one important factor in his investment strategy. Bass gives detailed investment ideas during the video. It is worth watching, if you missed it on CNBC.
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