Kyle Bass got it right about the collapse of the housing market and the CDOs attached to them in 2007. Is he right about Japan as well?
30th January 2013
Kyle Bass discusses the end of the Debt Super-Cycle.
Kyle is one of the guys who predicted the Housing Bubble Crash - and made hundreds of millions of dollars being correct. His new focus is on Sovereign Debt. This is a must see for anyone who is still not convinced that the debt that governments carry on the books is not dangerous.
Money quote:
“You know how this ends? It ends in war.”
via Zero Hedge
Bernanke announces QE3
via Zero Hedge
Notes: 31
“What Does the Fed Do?” with James Grant — Ron Paul Fed Lecture Series, Pt 2/3 (by CongressmanRonPaul)
The Commerce Department ordered 31% duties on China’s top solar companies, siding with the U.S. companies that argued their Chinese competitors were dumping panels on the U.S. market at less than fair value. The decision was preliminary, and a final judgement is expected in October.
Does Government have a Revenue problem, or Spending problem?
Is taxing corporations the same as taxing the rich?
Word cloud of Bernanke’s speech today.
via Zero Hedge
