Wednesday, October 3, 2012

Kyle Bass Warns on Central Bank Money Printing

Kyle Bass, who shorted the subprime market before the housing market collapse, tells CNBC that he is worried that there's too much debt in the world.

I am not in sync with everything Bass says in the clip below. He better be really quick in unloading the mortgage paper he owns when interest rates start to climb. And he appears neutral on housing, though at the end he says you should own multi-family housing and other assets when the inflation hits, that inflation will also push single family houses higher.

That said, he is right on about the unsolvable (in today's political world) debt crisis and the central bank money printing that appears very near---- and don't forget he owns a million dollars worth of nickels.

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