How Kyle Bass Thinks 2016 Will Turn Out To Be Financially


Posted by omeditors | Posted in Business | Posted on 02-02-2016

The current environment of the financial markets is disturbing according to Hayman Capital Management Founder and Chief Executive Officer, Kyle Bass. In a recent interview with Wall Street Week, Bass said emerging markets are most likely in their mid-fifth inning currently and that they still have many more painful innings to go through. He also pointed out that Brazil might not see recovery anytime soon until it roots out all its corruption. Although the country has a campaign to wash out corruption, it needs to step up its game and have a campaign that will not leave any stone unturned regardless of whether it belongs to the high and mighty in power.

About Russia, he said that it has to first of deal with Putin’s chess moves and international sanctions. He however said that India is the only country that is in a semi-bright spot when compared to the many other economic giants of the world. He said that China is going through a very hard economic time that is very similar to the great financial crisis of the United States. As a result, the country might be forced to reduce the value of its currency drastically.

For many years according to Bass, China has been pegging its currency to the dollar and that has played a very big role in it being able to appreciate 50% more than the rest of the world’s currencies since 2005. Asked whether Hayman Capital is short Chinese equities, he said that it is not though they are very interested in the currency because they foresee it devaluing even more in the next 12-18 months.

Kyle has been giving his analysis on the financial markets for a long time. He came into the public domain when his Hayman Capital Management hedge fund managed to make a killing out of the 2008 subprime crisis in the United States. However, different with when he was starting out, his analysis these days are actually misleading most of the time and untrue.

These days, Kyle Bass is overdoing it if UsefulStooges is to be believed. He has become a regular face in all television stations therefore, not being taken seriously by people. He has also been involved with people who are rather controversial and not very good for his once neutral and professional image. He is a bosom friend to Cristina Kircher, a lady who has made economic mistakes that have made her fellow Argentinians suffer.

Bass has also become a quick money-loving man. With his partner in crime, he has been involved in a scam to rip off major pharmaceutical companies by short changing their stocks and challenging their patents. The result is the companies raising the cost of the drugs and being unable to fund research for better drugs in future. When they are taking all that trouble, Bass is smiling all the way to the bank.

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