As Clock Nears 12, Kyle Bass Repeats Japanese Bear Case

Kyle Bass was on CNBC yesterday to talk investing. Bass first spoke about Japan and Shinzo Abe's new activist 'money printing' policies. Abe has set a 2% inflation rate for the Japan, which has been mired in stagflation for over 20 years. Bass said Japanese debt is 24x revenue, and that makes the country insolvent. He thinks that the economy will explode sometime soon especially due to Abe's policies. He thinks that Japanese Government Bonds (JGBs) will be sold off as inflation picks up. He explains his case (again) in the...