If you’re not already familiar with the hedge fund celebrity Kyle Bass, you should be. His first claim to fame came by investing millions on the collapse of the subprime mortgage market after warning many financial executives of an impending collapse. Their response: “I hope you’re wrong”. Since then his keen predictions of major market events and how they’ll unfold has gained him a large cult following across the financial [...]
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Oh goody we have sent in the savior, the IMF! Time to crack open the champagne because there is NO need to worry. This is the entire problem with the GLOBAL ECONOMY. The world has spent like drunken sailors, the world has spent all they can spend, bought above their means, lived off credit, lied about liabilities, lied about spending, say they have sound financial book for years, covered everything [...] |
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