From Zero Hedge:
From fears of Argentinian devaluations (and a 26-year-old running policy) to Japan's structural collapse; from Europe's false hope to China's bubbles; and from the Fed taper to the US hydrocarbon revolution, Hayman Capital's Kyle Bass provides a broad-based presentation of global risks and opportunities in the clip below. The Q&A is where Bass comes alive and is well worth the price of admission for a hedge fund manager unafraid to discuss the possibility that the status quo is unsustainable. Bass sums it all up perfectly succinctly, "proceed with caution."
Kyle Bass Presentation clip here (embed unavailable - click image for video) - make sure to watch through the Q&A...
As Bass recently noted, there is no safe-haven in Japan...
"The interesting thing in this selloff in the marketplace and in tech ... and this huge selloff in Japanese equities, is that the Japanese bond market hasn't gone anywhere," Bass said."Yields haven't collapsed, which is fascinating. So their bonds are acting pretty terribly in the environment of their equity market. So we'll see what happens."
Full Hayman Capital Presentation:
http://www.zerohedge.com/news/2014-05-04/kyle-bass-sums-it-all-proceed-caution
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