In the past he's grouped together the Canadian, Aust., New Zealand & Singaporean realestate markets and private debt as presenting a 'risk', being more overvalued than the US before the Sub-Prime fiasco brought it down. In this latest vid, he once again mentioned the overvalued Canadian realestate market (9x average household income) and Canada's households holding the equivalent of 100% of GDP in debt. Like Aust., Canada's exports and (therefore economy) is narrowly concentrated on exporting just a few products (namely tar sand oils) which, together with the private debt means he's not investing in Canadian bonds.
If you can grit your teeth and ignore the interviewers.... [youtube]http://www.youtube.com/watch?v=dY-F-aGFyt4[/youtube]
Bass says energy/oil is the best medium term (3-5 years) play from right now till the next 6 months: https://youtu.be/dY-F-aGFyt4?t=19m37s
