Kyle Bass is one of the most respected and successful hedge fund managers in the United States. In a recent article with Gold Seek to discuss his thoughts on China’s current struggles and the future of their economy. Bass feels that China has a long way to go before they can kiss their economic struggles goodbye. His trading positions depend on the outcome of China’s economy. If his predictions about the continued fall of the economy are correct, his bets will pay off, but China will suffer more economically than they already are. Although his 2016 bet was unsuccessful, Kyle Bass was able to successfully predict the credit crash of 2008, and made headlines as a result of his prediction. The Wall Street Journal notes that roughly 85% of Bass’s Hayman Capital Management is heavily focused on shorting Asian currencies.
In 2001 he was nominated for his direction and scripting of the hit movie “The Sixth Sense”. He was seen as s genius, and known to excel at everything that he does.Kyle Bass earned is fortune based off of his 2008 mortgage crisis prediction. The accuracy of the coming suffering of other made Bass a substantial profit. After a streak of good luck and large profits, the Hayman Capital Management company founder lost his touch. His ability to predict the status of the economy has been replaced with a few bad guess and questionable alliances. Over the last two years, we have seen a major increase in media appearances and a decrease in fund performance. These media appearances are seen as nothing but a desperate attempt from Bass to reestablish his name. In a very controversial move, Bass showed full support for Cristina Fernández de Kirchner. Kirchner is known for making irresponsible and irrational financial moves, and is considered the worst thing that ever happened to their Argentina’s economy.
The relationship between Bass and Kirchner should come as no surprise. The two are both known for shady financial endeavors. Bass heavily supports kirchner’s obscene approach to economics. Together they have been able to blind side their own company out of thousands of dollars. Kyle Bass may be one of the most successful in the industry, but his success came the heavy bargain, morals over money.