Tuesday, April 19, 2011

Is the World Reaching Its 'Keynesian Endpoint'?

Texas-based money manager Kyle Bass of Hayman Capital Management is responsible for the billion dollar position in gold that the University of Texas holds.

In a recent letter to his investors titled, The Cognitive Dissonance of It All, Bass discusses the current state of debt in the United States, Japan and the EuroZone. The analysis is as unsettling as it is accurate.

Are we reaching the "Keynesian Endpoint"? Read the Bass letter here, and the answer will be alarmingly obvious.

 (Thanks2MattMakinson)

1 comment:

  1. Thanks Bob.

    Well worth the time it takes to read (and digest).

    His pessimistic view of Japan and the EU is nothing new, but his description of the denial by people who should know better is chilling.

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