http://www.zerohedge.com/news/2013-04-09/kyle-bass-perplexed-golds-low-price Anyone here know how to setup the sort of trade he is suggesting. AFAICS it would be short JGB long UST? Any help/ideas...
I have pondered this today, and if it were me, I'd use CFD's. However, I'd use tight stops. As much as I respect Bass, not everyone agrees with his theory: http://au.businessinsider.com/japan-is-never-going-to-default-2012-5 http://www.creditwritedowns.com/2013/04/kyle-bass-gets-it-wrong-on-japanese-bonds.html
Yes it is a tad risky BUT i'm sure the cracks are starting to show http://traderdannorcini.blogspot.com.au/2013/04/japanese-money-flooding-european-bond.html http://www.zerohedge.com/news/2013-04-09/guest-post-japan-vs-newton-and-certain-lose http://www.zerohedge.com/news/2013-04-09/sustainable http://www.zerohedge.com/news/2013-...s-deputy-pm-says-excessive-yen-gain-corrected http://www.zerohedge.com/news/2013-04-08/japan-bond-market-halted-second-day-row http://www.zerohedge.com/news/2013-...ge-jgb-volatility-may-lead-sharp-bond-selloff http://www.zerohedge.com/news/2013-04-05/japans-13-sigma-bond-swan http://www.zerohedge.com/news/2013-...e-over-10-years-triggers-tse-circuit-breakers http://www.zerohedge.com/news/2013-04-04/japans-debt-crisis-visualized http://www.zerohedge.com/news/2013-04-04/japanese-bond-yields-collapse-boj-front-running http://www.zerohedge.com/news/2013-04-04/kyle-bass-japan-will-implode-under-weight-their-debt http://www.zerohedge.com/news/2013-04-04/cme-hikes-yen-nikkei-futures-margins-19-33 http://www.zerohedge.com/news/2013-04-04/if-japans-shock-and-awe-qe-happened-us
http://www.zerohedge.com/news/2013-04-10/another-day-another-japanese-bond-market-halt Another Day, Another Japanese Bond Market Halt
Kyle Bass Hunkers Down: "We Dramatically Reduce Portfolio Risk" http://www.zerohedge.com/news/2013-...rs-down-we-dramatically-reduce-portfolio-risk Kyle Bass goes to Japan and finds all as expected... And also learns something new, if not unexpected... But perhaps most interesting are Bass' thoughts on China: In short, Bass is once again hunkering down.
What is the Australian to do Stay in cash or buy bonds and risk a massive value drop in AUD Buy equities and risk a massive correction as Australia is part of the Asian complex Overweight further to gold and silver - and be over exposed what a conundrum
As Kyle Said himself but; "90% of our balance sheet is long, long Treasuries, long Bonds etc, yet everyone focuses their attention where I spend just 10% of my time..." (i.e. short US housing, Japanese equities, cash and bonds)
Bass @ 38:31 for a few minutes (the rest is crapola) [youtube]http://www.youtube.com/watch?v=jzkYeSfgZQI#at=2695[/youtube]
Central banks and governments are are trying to get average investors to put their money in a specific place and the talk of the average investor is to resist the lure - dont be the next fish to be fried. [youtube]http://www.youtube.com/watch?v=Xmj_jQ2HfCg[/youtube] ... whoops already up in the previous post (here is the interview only version)
Kyle Bass Warns Fed Has Made "Stocks Only Game In Town" So "Rich Will Get Richer" http://www.zerohedge.com/news/2013-...stocks-only-game-town-so-rich-will-get-richer
New vid from Late 2013..Kyle Bass hosts a panel discussion on energy, oil & gas [youtube]http://www.youtube.com/watch?v=adzeJzOYbRI[/youtube]
That was impressive and as I have told on this forum I am invested in LPG becoming the new diesel for many cars and trucks and LNG is also going to go very big and thers massive amounts of potential for Oz to be in on the supply side of LPG and Natural Gas. Let the good times roll, it could pull us out of a huge recession and all the debt we now have?
from zero hedge; "Hayman Captial Global Pitfalls and oppourtunities with Kyle Bass" A nice long session by Kyle. Still incredibly bearish on Japan... not touching China at all (says their GDP is tanking based on export data from suppliers like Aust/Brazil etc... but not shown in their export data..i.e they're hiding their bad data). Long on US bonds because of all the foregin FX reserves and still a safe haven (Cleanist dirty shirt) Bullish on Brazil for the same reason...even though tied into China.. but has huge FX reserves and plenty of interest rate hikes built into their bond yield models) Short EU bonds because banking system is still totally under-capitalised. Very Bullish on Argentina (AFTER KIRCHENER leaves office). In such a bad way, there's only one way to go (UP). Huge oil reserves awaiting development.. still better bond yields than the PIIGS. Ohh..and he doesn't understand BitCoin and isn't touching them [youtube]http://www.youtube.com/watch?v=VBPZ58dzjfE[/youtube]