Hayman Capital Letter: The Cognitive Dissonance of it All - By Kyle Bass
We continue to be very concerned about systemic risk in the global economy. Thus far, the systemic risk that was prevalent in the global credit markets in 2007 and 2008 has not subsided; rather, it has simply been transferred from the private sector to the public sector. We are currently in the midst of a cyclical upswing driven by the most aggressively pro‐cyclical fiscal and monetary policies the world has ever seen. Investors around the world are engaging in an acute and severe cognitive dissonance. They acknowledge that excessive leverage created an asset bubble of generational proportions, but they do everything possible to prevent rational deleveraging. Interestingly, equities continue to march higher in the face of European sovereign spreads remaining near their widest levels since the crisis began. It is eerily similar to July 2007, when equities continued higher as credit markets began to collapse. This letter outlines the major systemic fault lines which we believe all investors should consider.
- Hayman Capital Letter: The Hidden Bank Run Across Europe - By Kyle Bass
Found via Zero Hedge. Link to: The Hidden Bank Run Across Europe - By Kyle Bass ....................Related previous posts:Kyle Bass on CNBCKyle Bass on BNNKyle Bass at AmeriCatalyst 2011A Conversation with Kyle Bass (September 2010)Hayman Capital Letter:...
- Kyle Bass On Cnbc
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- Kyle Bass On Bnn (video)
Found via Paul Kedrosky. Part 1 Part 2 ………………. Related previous posts: Kyle Bass at AmeriCatalyst 2011 A Conversation with Kyle Bass (September 2010) Hayman Capital Letter: Imminent Defaults - By Kyle Bass Hayman Capital Letter: The Cognitive...
- Kyle Bass At Americatalyst 2011
The event took place on November 7, 2011. Link to: Kyle Bass at AmeriCatalyst 2011....................Related previous posts:. A Conversation with Kyle Bass (September 2010) Hayman Capital Letter: Imminent Defaults - By Kyle Bass Hayman Capital Letter:...
- Kyle Bass From The 2011 University Of Virginia Investing Conference
Found via Santangel's Review. Hopefully Bass' complete talk gets put online eventually. Link .................... Related previous posts:Kyle Bass from the Barefoot Economic Summit Delivering Alpha: Best Ideas & Alpha A Conversation with...