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Tuesday, May 27, 2014

Kyle Bass - The Looming Crisis In Asia

For the last several years, nobody has been more outspokenly bearish on Japan than Kyle Bass. In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s more, he also said China’s economy will fall below expectations.
Bass changed one aspect of his outlook on Japan. Instead of predicting a collapse of the Japanese bond market, he focused on a severe weakening of the yen – without predicting when that might happen.
His predictions for China were equally distressing. He said that its banks will be saddled with non-performing loans and that its economy is actually contracting.
“I don’t think the markets are discounting what’s really happening in China,” he said.

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