Kyle Bass: USA has more time than Europe and Japan

Hayman Capital Kyle Bass, shares that USA has more time until a debt crisis than Europe and Japan do. In his opinion, USA has 3-5 years and believes that Europe and Japan might accelerate it a little bit. It seems that the political elite think that USA has 10 years, but they are wrong. USA doesn’t have a lot of time for adjustments, and it seems the politicians are not doing what is needed so at the end, we will face the same fade as Japan and Europe. J Kyle Bass made pessimistic forecasts about the development of the European crisis as well as the coming one in Japan.

Kyle Bass, an American hedge fund manager, is the Founder of Hayman Capital. He received extensive coverage in the financial press for profiting $590 million by short selling the sub-prime mortgage bond market, before that market crashed. In 2011, Bass initiated a huge position in Greek sovereign debt through CDSs. Media reports were that he could profit up to 650 times his investment should Greece default on its debt obligations.