Skip to comments.Kyle Bass Is So Bearish On Japan, He Financed His Home In Yen
Posted on 01/21/2010 7:22:31 PM PST by blam
Kyle Bass Is So Bearish On Japan, He Financed His Home In Yen
Jan. 21, 2010, 8:11 PM
We knew that Dallas-based Kyle Bass was bearish on Japan and the yen, but boy, this takes it to an extreme degree.
The Dallas hedge fund manager (no relation to the famous Bass family of Fort Worth) is so convinced the Japanese government's profligate spending will drive the nation to the brink of default that he financed his home with a five-year loan denominated in yen, which he hopes will be cheaper to pay back than dollars.
We'd love to know when he financed his home.
Whenever it was, that's the very definition of going all-in.
Of course, Bass's trade has been crowded for years, and still is, as a Morgan Stanley survey recently revealed:
(Excerpt) Read more at businessinsider.com ...
lol and if the dollar crashes right along with the Yen?
(say, that would make a good tagline)