Kyle Bass Thinks Japan's Debt Crisis At "Transformative Moment"

Kyle Bass is taking sides in the William Ackman / Herbalife Ltd. (NYSE:HLF) dispute, thinks Japan is at a “transformative moment” in its government debt crisis and likes one segment in the U.S. banking sector, and it’s not the banks.

Kyle Basson ECB’s quantitative easing program

The recent European Central Bank (ECB) announcement that it is engaging in U.S.-style quantitative easing is a historical benchmark that is providing opportunity.  “It’s the beginning of something that is going to be difficult to stop,” Kyle Bass said on a CNBC interview.

“The opportunity right now happens to be in the currency market place,” but the impact will be felt...