Kyle Bass

Benzinga is at the Value Investing Congress in New York and we had the opportunity to speak with Hayman Capital's Kyle Bass about some of the significant macro themes he sees on the horizon. Bass called for, and profited handsomely from, the subprime mortgage meltdown. With regard to the currency...

Kyle Bass is speaking at the Value Investing Congress and said that he believes that the emerging market countries that are closely linked to commodities, such as Brazil, and Norway are interesting. He was particularly bullish on Brazil, which can be played using the iShares MSCI Brazil Index ETF (...

Kyle Bass is speaking at the Value Investing Congress and said that he is using out of money interest rate call options as a way to play the Japanese default. Kyle Bass said the potential for this is 50 or 100 times its initial investment, should his thesis that Japan will ultimately default be...

Kyle Bass is speaking at the Value Investing Congress and he is saying that Japan will default on its sovereign debt. Kyle Bass believes it's only a matter of when, not if. Bass notes that debt servicing is going to exceed revenue. Bass notes that Japan's cash expenditures for social services are...

Kyle Bass is speaking at the Value Investing Congress, and is extremely bearish on Greece. Kyle Bass notes that Greece drew 3000% of its IMF availability, and that the IMF will never be repaid, and Greece will ultimately default. Bass notes that IMF loans have first lien over other loans.

Kyle Bass is speaking at the Value Investing Congress and is saying that Ireland can not hide its balance sheet issues, as it has 30-40 times the assets in the banking system, than it does debt. Kyle Bass says that Jean-Claude Trichet and Ben Bernanke have not been paying attention. He believes...

Kyle Bass is speaking at the Value Investing Congress and is saying that the participation in the labor market has collapsed. He is saying we are seeing a permanent job loss in the U.S., as well as other countries around the world. He believes a currency war will continue, as it appears one is...