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.