Kyle Bass Explains It All, But Mostly He Explains China

But he really did say some stuff about some other things, too, if you’re interested.
By SteeleatHaymanCapitalManagementLP (Own work) [CC BY-SA 4.0], via Wikimedia Commons

By SteeleatHaymanCapitalManagementLP (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Kyle Bass has no shortage of confidence, or opinions. He’s weighed in on a certain REIT/litigation magnet, how totally fucked Greek Prime Minister Alexis Tsipras is, and, of course, China, which he also thinks is totally fucked, even if it is annoyingly failing to be so. After all, he was right about a once-great American financial institution. Surely, he’s also right about the largest country in the world, and also about his own value.

Anyway, Kyle Bass and his opinions went on TV yesterday and offered his thoughts on oil (not fucked) and economic growth (potentially fucked). Of course, you can’t expect Bass to be given a platform to speak his mind and not talk about China, and so, of course, he did. Kyle Bass, for one, welcomes President Trump’s trade war, and not only because he is not a soybean farmer, or because it is his next best hope to prove him right about China.

"There's been a trade war with China since 2001."

"The only side that's been fighting it, though, is China," he added…. "The US strategy has been unilateral disarmament, while China has basically taken over the trade relationship with the US," Bass told Richard Quest on CNNMoney's "Markets Now" on Wednesday….

Bass, who is known for anticipating the subprime mortgage crisis in 2007, said he doesn't expect much from Treasury Secretary Steven Mnuchin's planned visit to China…. "My own view is we're not going to see him get anywhere," he said.

Hedge fund manager Kyle Bass: ‘There’s been a trade war with China since 2001’ [CNN Money]
Hedge fund manager: Oil will go from glut to shortage [CNN Money]
Hedge fund manager: Real economic growth may slow [CNN Money]