Kyle Bass

One River CIO "We’re Willing Participants In Our Own Demise"

China has banks. They lend money. But pierce the patina and you find a vast subsidy machine, with no cold-blooded allocation of capital. There are no defaults to speak of; just bailouts, no reckonings. "The appearance of a modern financial system allows western financiers to pretend one exists. We are willing dupes in this charade."

Credit, Crypto, & Kuroda's "Bat-Shit-Crazy Monetary Expansion"

"This is bat-shit-crazy monetary expansion. Forget about arguing whether it is appropriate or needed. It doesn’t matter...What I find amazing is how complacent the markets have become about all of this...There will be consequences, we just don’t know what they are yet. Get your insurance while you can, not when you have to… "

Chinese Satellite Data Hint At Ominous Manufacturing Slowdown

Chinese factory activity contracted last month for the first time in nearly a year when the Caixin PMI dipped below 50, the threshold for growth. And now, early indicators for the month of June – including one satellite-based measure - suggest that there’s more pain ahead for the manufacturing sector in the world’s second-largest economy.

Kyle Bass: "China's Credit Bubble Metastasizing", Still Short The Yuan

Hayman Capital's Kyle Bass made a brief media appearance today, when he confirmed to Reuters that unlike some other "China tourist bears", he remains staunchly negative on China, saying he is still short the Yuan because problems from China’s credit bubble are "metastasizing."