Kyle Bass, Japan To Do An Argentina 1999
Kyle Bass re stating the Japanese situation. Time frame is 18 months to two years.
The post title is our view, not Kyle Bass. But the result will be the same. Currency crash!
COMMENTS: Japan is on the same path as the 1999 – 2002 Argentina crash. Bass advises every one holding YEN to buy something that is not YEN. Think about this! WOW! Japanese pension funds total some $3.5 trillion US dollars, therefore if they decide to spread there risk over all currencies. Gold is a currency! Gold could really get chased higher as the Japanese crisis heats up. China you must concur. US housing long term bullish, sure! But Bass has very deep pockets and another fall in housing is one he can cover.