7 Apr 2013

Yen to hit 200 vs. the dollar - Kyle Bass

ReutersVideo: "if there is no way out for them, there is no way out for the rest of us - unless we change the way we operate." "The insidious nature of a runaway inflation is that it bankrupts the middle class... the poor stay poor, the middle class (with savings in the banks) get wiped out, the wealthy (with productive assets) do the best" Kyle Bass expects the Japanese yen to weaken significantly against the dollar and says that this is the riskiest time for an investor to be complacent about the markets. Source

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