I have posted Kyle Bass’ take on Japan several times. This is one of Bass’ better presentations. Bass succinctly summarizes why the Japanese economy is going to collapse in the near future. The Japanese policy actions led by the newly elected Japan’s PM, Abe would have a significant impact on the Korean economy (e.g., the weak Yen will hurt the Korean exports, etc).
What Bass didn’t address in this excellent presentation is the driving force behind Japan’s epic fall: Greed and corruption of the Japanese leaders. They have been irresponsibly working against the interest of ordinary citizens. The U.S. as well as Korea has been following the Japanese model in terms of fiscal/monetary policies to a certain extent. That’s what concerns us. The Korean leaders should heed the lesson of post bubble Japan.
From Zero Hedge:
In this excellent and much-requested summary 8-minute clip, Bass summarizes his Japan thesis and destroys several of the myths that talking-heads like to assign to the so-called widow-maker trade.
(h/t InformedTrades)
http://www.zerohedge.com/news/2012-12-26/annotated-kyle-bass-short-japan-thesis
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