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Kyle Bass
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What do you all think about Kyle Bass?
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sleepygeek
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If the global financial system is debt ridden, there must be an equal part that is asset-ridden. Why is there so little talk about that? (sorry I didn’t have an hour to spare to develop an opinion on Kyle Bass)
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What do you all think about Kyle Bass?
Bass has purchased more guns than i have.
At any-rate, Mike Huson has a nifty little article worth the reading effort if one is included to consider the history of debt.
http://michael-hudson.com/2011/12/democracy-and-debt/
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Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).
For those who look, a flash allows one to see farther.
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Lots of financial consulting companies now giving the exact same message.
I get promotions of several of these (Elevation Group, Stansberry Research, others) that have introductory videos about impending doom, and how to avoid all of this ... with your first step being to buy their subscription.
In general, the current path of sovereign debt, etc., is unsustainable. Their story is that things won’t change, The End shall come, and here is how to get rich if/as it happens.
Like many things, they could be right, they could be wrong, somewhere in between, and worth listening to and understanding. Pick your path, pay your subscription to the one with the best story, and hope it all works out.
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What do you all think about Kyle Bass?
Wasn’t he with the Backstreet Boys?
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We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007
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Gregg Thurman
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If the global financial system is debt ridden, there must be an equal part that is asset-ridden. Why is there so little talk about that? (sorry I didn’t have an hour to spare to develop an opinion on Kyle Bass)
That would be true if the assets that secure the debt maintained its value, or had value to begin with. The problem with sovereign debt is that the asset offsetting the debt is the sovereign’s promise to pay. When that promise is defaulted on, there are no physical assets to attach.
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You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
