This blog is an effort to sift through the noise. Please note that a number of resources are used to create these theses and due to an overriding desire to think rather than edit I will not be citing every little source.
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Friday, January 18, 2013
Kyle Bass on CNBC
Kyle Bass was on CNBC today discussing his short on Japan. He says the signs are already there that folks exiting the JPY - with recent M&A transactions. 20% of exports go to China; this could be halved given the tensions, and a JPY devaluation is not going to restore the competitiveness of that secular decline. He thinks the people buying Japanese stocks on the recent rally are buying dimes in front of a bull-dozer.
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