>So you made several hundred million from predicting the subprime massacre, what do you do for an encore? Kyle Bass runs Hayman Advisors, a hedge fund that did quite well during the downturn (though is down 17% this year) and he believes we are in for massive amounts of inflation, globally. I don’t expect you to read his 24 page quarterly report, but I actually sat down with a cup of coffee and did…..its not pretty. If you thought the US was printing money, you should see China (and Japan). The world is attempting to recover from last year’s devastation by reflating and printing money. The global economies are responding to over-leverage by……adding more leverage.
Scott Dauenhauer CFP, MSFP, AIF