Thursday, November 17, 2011

Hedge Fund manager Kyle Bass lays out the European disaster and shows the ignorance of business media

Hedge Fund Manager Kyle Bass did an interview with the BBC recently, and in the process, showed how ignorant business reporters are regarding economics and the European crisis.  Bass has made sharp and keen analysis going back before the Housing bubble, and is now betting against Germany and Japan as the next to potentially default on their debt.

You will chuckle and wring your hands at how the journalist shill keeps trying to find out how much Kyle Bass's fund made betting agains the system, and even more, how she tries to blame him and others for the current economic crisis.

Its like watching CNBC and the parrots always asking guests for stock tips over and over.

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