Submitted by Tyler Durden: Last year's AmeriCatalyst interview
with Kyle Bass provided much more color than the normal 30-second
soundbites that we are subjected to when serious hedge fund managers are
exposed to mainstream media. This year, Bass was the keynote speaker
and in the following speech (followed by Q&A), the fund manager
provides 60 minutes of eloquence on the end of the grand experiment and
its consequences. From Money Printing and Central Bank Balance sheets to
Japan and the psychology of the current situation - which in many cases
trumps the quantitative data - the question remains, "when will this
unravel" as opposed to "if?"; Bass provides his fact-based heresy against the orthodoxy of economic thought "On The Financial Nature Of Things" extending well beyond his recent note. Must watch (there's no football or X-Factor on tonight).
Clip not embeddable - click image for jump to YouTube. Source
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