One more Kyle Bass link
On Dec. 1, when I came back from Brazil through Houston, the WSJ headline at the airport kiosk was on the markets rallying in response to the FED/ECB bailout of European Banks. I commented to friends and family at the time that this is exactly the wrong read of this infomation. In a Dec. CNBC interview, Bass remarks how the markets have misinterpreted a solvency issue as a liquidity issue.
Leave a Reply.