THE WORLD IS NOT ENOUGH

10 comments

Posted on 20th December 2012 by Administrator in Economy |Politics |Social Issues

 http://youtu.be/JUc8-GUC1hY

10 Comments

  1. Davos says:

    I’m just starting this. A fucking must watch!

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    20th December 2012 at 9:38 am

  2. sangell says:

    There’s a lot here even though it focuses on Japan. I like Bass’s metric that government revenue to debt ratio is more useful than Debt to GDP ratio since, obviously debt service has to paid out of government revenue. I also suspect he likes the revenue to debt metric because it discounts governement spending as just phony GDP. For example, what does a program like Head Start really add to our national product as compared to an oil well or 100 acres of corn?

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    20th December 2012 at 9:52 am

  3. Boomer says:

    WTF? I was riveted till around 45 min… the US is going to be OK? The housing crisis is over? WTF?!?!?

    Like or Dislike: Thumb up 3 Thumb down 1

    20th December 2012 at 10:15 am

  4. sangell says:

    He was talking his book there wasn’t he. Non agency RMBS is what his fund has bought ( hey if you run a hedge fund you’ve got buy something) and he may just be right over the next few years. The US is the cleanest dirty shirt because our energy situation is so much better than any other developed world region. Ditto food and water but I think Kyle was guilty of the very optimism bias he spoke of in regards to our fiscal situation. I just can’t see a major European state having a default event and it not taking down their banks and then spreading like Lehman on steroids around the world. Lehman was ‘only’ a $650 billion bank. Europe has trillion dollar plus banks that could go down and no central government big enough to backstop them. Bass has to recognize that but, again, what’s a hedge fund to do in a world of fiat.

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    20th December 2012 at 10:55 am

  5. Bruce says:

    Bass is brilliant. Probably one of the few people who see the worlds financial matters clearly with much greater insight than most of us could ever hope to have. I must disagree with him on the USA being able to muddle through even if financial matters can be less than devastating.

    We must consider that our nation and most of our states are run from the executive level to the management level and to a degree right down to low level drones and local governments by morons and criminals. To make matters worse many of them are morons and criminals at the same time. Even worse most are either socialists or fascists to one degree or another who desire or unwittingly conspire to eliminate liberty. Though they would deny it almost all are war mongers. The blue ones make war with piece signs and dove wings while the red ones wage war with the bible and the cross. Through this system runs the blood of captivating unyielding institutionalized evil. This goes for all the banks, many corporations, and a significant portion of the population as well with the bankers being the real power at the top of the gigantic, festering, wicked pile.

    Even if Bass is right in that our economic problems can be managed and less horrible than around the world tell me how things can come to any kind of good for people controlled by authoritarian criminals, war makers, indoctrinated tag alongs and nasty morons.

    Pockets empty or pockets full. Gas tanks empty or Gas Tanks full. Belly’s empty or Belly’s full. No matter what We are Doomed. I mean really fucking Doomed. The rest of the world is Doomed too…………. just maybe a day or two before we are.

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    20th December 2012 at 12:56 pm

  6. Eddie says:

    He should call Bruce Krasting and find out the location of the nearest JA (Japan Shorts Anonymous) meeting.LOL.

    Seriously, I think he’s brilliant to buy the mortgage debt. It’s a perfect example of aligning your interests with the interests of the Fed, rather than trying to fight them. They are already buying up all the most toxic assets, which is in effect lowering the risk of his play. Hell, he may even sell his paper to them for a tidy profit.

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    20th December 2012 at 1:17 pm

  7. Stucky says:

    Jim’s link isn’t “live”.

    Here it is;

    http://www.youtube.com/watch?v=JUc8-GUC1hY&feature=youtu.be

    Like or Dislike: Thumb up 1 Thumb down 1

    20th December 2012 at 1:17 pm

  8. Stucky says:

    Pro shale gas … pro fracking … pro housing recovery … pre US economic recovery, even though the jobs aren’t coming back

    Just sayin’ !!!!

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    20th December 2012 at 1:48 pm

  9. Welshman says:

    Brass’s contacts maybe somewhat Rose colored (Texan), but Smokey was right about hiim, he is brilliant. He has no text or telapromter, Bass the real thing.

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    20th December 2012 at 7:26 pm

  10. Boomer says:

    sangell,

    ” but I think Kyle was guilty of the very optimism bias he spoke of in regards to our fiscal situation”

    That’s what I’m screamin!

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    20th December 2012 at 3:40 am

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