http://www.zerohedge.com/news/2017-05-03/kyle-bass-warns-all-hell-about-break-loose-china Kyle Bass is repeating this argument for quite a while. But here is a piece from PIMCO, too: A Less ‘Impulsive’ China: Bracing for Lower Growth https://blog.pimco.com/en/2017/05/a-less-impulsive-china-bracing-for-lower-growth China could be the INFLECTION POINT for US sell off and sell off elsewhere! Buy some popcorn and enjoy!
He does say many things and he also delivers... http://www.zerohedge.com/news/2017-...unity-greatest-risk-reward-profile-ever-encou "Last February, when Kyle Bass announced the upcoming launch of a dedicated fund to short the Yuan, as part of a bigger macro short unveiled in his report on “The $34 Trillion Experiment: China’s Banking System and the World’s Largest Macro Imbalance”, many were skeptical if not outright mocked the Hayman Capital founder. One year later, it is those who invested alongside Bass that are laughing, because as Bass writes in his latest letter to investors, "I am pleased to share that the Hayman Capital Master Fund, LP's estimated net performance for the calendar year of 2016 was +24.83%", or double the S&P's return including dividends. Putting this return in a longer context, those who have invested with Hayman since the fund's inception in 2006, this represents an inception-to-date return of +436.75% and an annualized return of +16.70%." He does put his money where his mouth is eh Marty? And last I checked, his numbers are at the top of the list over the last decade. Sure, it's not the 1000% a year most ETers make, but good enough to feed the kids no?
He does say many things, indeed. Sometimes he delivers, sometimes he doesn't. I haven't quite done the math, in terms of his hit rate. I would just caution against taking what he says as gospel. As to his performance, I am a bit surprised, since, from what I've read, as of mid-2015 his fund's produced smth like 1.5% annualized since inception. Not sure which source is correct.
Out of all the guys who became famous predicting the 2008 crisis (John Paulson, Roubini, Taleb, Bass, Burry, Meredith Whitney, Eisman).....Kyle Bass has the best track record in terms of getting macro calls correct in the post-crisis time period, while guys like John Paulson have been revealed to be one-hit wonders. Just my opinion.