UVIC 2012: A Conversation with Kyle Bass

Kyle Bass converses with Darden Professor Ken Eades at the Darden School of Business University Investing Conference 2012.

• Category

  Education

[Elmgren76]

Should've made it into a 1 hour interview :(

[onassi]

You don't listen very well. Not surprised. Why would I go out and short treasuries when the Eurozone crisis has not even finished yet? Even kyle bass stated that you should be in US dollars at this point in time. The only thing I've been doing since 2008 is buying gold and holding Canadian/Aussie dollars. Deflation before inflation. And no one is smart enough to nail the timing perfectly. But when you see an asset go parabolic, you avoid it. Short it if you're greedy. I'm doing well with gold.

[Bob Kim]

I agree. As long as weak JPY allows corporate Japan to grow their exports and bring in USD, the Japanese government is relatively okay, in my opinion. They say that Japanese banks, corporations and the government are tightly knit and watch each others backs, so for the time being maybe okay. Plus, yen carry trade will be

But I do think, in the long run, it will become a problem. Just don't know when that is.

[Short Bus]

At the end the interviewer asks Kyle is he could be thinking about going long this time next year? He responds that he could be considering it .... WHAT is he talking about ? Can't be long the Yen, and can't be long the JGB's ? Very confusing !!!

[gettingrichinamerica]

you are right.  bonds prices will continue to appreciate. who in the hell looks at yield.

[gettingrichinamerica]

inflation? the world is awashed with capacity.

[Drew99GT]

What idiot would buy a 30 year bond at 2%? The idiot who knows that a 30 year bond around 2% moves in price dramatically as rates change, and profits from the change in bond prices. No no, the confused ones are the Kyle Bass's and bond vigilante retards who can't figure out why rates haven't shot to the moon, and who keep trying to short bonds and keep losing all their money because they don't understand that bond markets in sovereign monetary countries do not act as funding mechanisms..

[John P]

EXACTLY. And by stopping ZIRP and raising short term interest rates, then investors WILL stop flocking into long term instruments.

What idiot in his right mind will buy a 30-year Japanese bond at 2% if the BOJ made the 2 or 5-year bonds yield 2% ??!?

You really seem to be one confused chap.

[syngensmythe1]

I just don't see a trigger anytime soon. The external pressures are mounting - they recently sold a record number of treasuries to external buyers - but Jap banks will continue to sweep up the rest oblivious to any model of fiscal sustainability. There will be no shareholder opposition either for the reasons I mentioned before. The only problem I see would be if foreign markets declared their currency worthless but they're unlikely to do so absent of any domestic crisis.

[Azbx23]

Just pointing out that you're quite sure of everything and that's usually the point right before you lose your capital

[onassi]

calm down random nobody. Since 7 people agree with me, I guess there's 7 intellectuals for every moron these days. Better than I thought