Market Folly - Latest Comments in Hayman Capital's Kyle Bass Predicts Sovereign Defaults

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

marketfolly — Mon, 14 Mar 2011 00:40:07 -0000

Thanks for the comment, Jaime!

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

Jaime — Sun, 13 Mar 2011 11:24:53 -0000

Kyle is creating a scenario that conforms to his own thinking which is betting with disaster, while players like Wilbur Ross are scooping up "distressed assets" like banks (ESB) from the Irish government. When hedge fund managers get big $ dollar wise, their interest is only in protecting capital. 2% and 20% of performance fees is fine but no one is going to sit around paying 2% for capital preservation. The world is on sale and the winners in the business are finding the values. The EU is being backstopped by fiat currency so Ireland and Greece won't default. This is a ridiculous probability outcome. In my opinion he is grossly representing Keynes. Keynes was brilliant but even a state college graduate money manager like me knows that Keynes would advise the EU to "print money" until the economic growth of these countries returns. Their's plenty of Gold to back these "fiat" currencies. In fact, some of these countries should look to sell their gold at $1400 a troy ounce to help balance their budget deficits. Gold is only a commodity. Currency is how people get paid.

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

marketfolly — Wed, 10 Feb 2010 20:28:10 -0000

Yup, Bass was most likely on to something here and there are many other countries soon to be in trouble.

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

garytrebels — Wed, 10 Feb 2010 19:06:46 -0000

Hello,

Looks what's happening now with Greece. First domino to fall.

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

marketfolly — Mon, 18 May 2009 13:29:29 -0000

Ah my bad, good catch. I was confusing Trinity University and TCU.

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

KG — Mon, 18 May 2009 09:53:20 -0000

It's Texas Christian University....

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

marketfolly — Fri, 15 May 2009 23:02:25 -0000

Yea I remember reading about that. Fascinating how by time he gains credibility it is already too late... definitely a smart guy.

Re: Hayman Capital's Kyle Bass Predicts Sovereign Defaults

John McLeod — Fri, 15 May 2009 21:43:30 -0000

Kyle wasn't just ahead of nearly everyone on the problem, days into the credit crisis he was proposing roughly the solution that is being tried now (way too late).
http://housingdoom.com/2007...