Kyle Bass

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."

Kyle Bass Warns "All Hell Is About To Break Loose" In China

China's credit system expanded "too recklessly and too quickly," and "it's beginning to unravel," warns Hayman Capital's Kyle Bass. "As soon as liabilities have problems - meaning the depositors decide to not roll their holdings - all hell breaks loose."

S&P Futures Jump Ahead Of GOP Healthcare Vote, Ignore China Commodity Crash

S&P futures rose on hopes a successful Republican healthcare vote on Thursday will unlock the Trump fiscal agenda, while European shares jumped to a 20 month high on signs Macron is poised to win Sunday's French election coupled with reassuring corporate results, including strong earnings from HSBC, even as Chinese and Australian stocks fell as commodities, and iron ore futures particularly, tumbled.

We're All Yen Traders Now

At almost 90% of GDP, the Bank of Japan’s balance sheet is just bat shit crazy! No other way to describe it...

Breslow Turns Bullish: "Don't Assume Each Event Will End Badly"

"Too many commentators have fallen into the “everything is binary” trap and decided that if you assume each event will end badly, there’s material to turn out a good rant. The reality is, actual investors have learned that all binary outcomes won’t resolve themselves in the same way and they have to find more than one way to deconstruct events."

Japan - It's Finally Happening

"I still shake my head at the stupidity. One of the most overindebted countries in the history of modern finance trading with a 0% thirty year bond... But this week the market decided to test the BoJ’s resolve... The market is finally saying the demand for credit is enough to force the Bank of Japan to buy bonds to keep rates down. And that was the signal I was waiting for. I am shorting JGBs with both fists."