Kyle Bass, a hedge fund manager who predicted the housing crash (as did some others) even as Ben Bernanke was repeating "no housing bubble ... subprime is contained ... no recession," is en fuego.
Here's his February 2011 investor letter, a must read.
And no sooner had I cleaned myself up after reading the investor letter, than K-Bass was on CNBC this morning throwing pearls before swine:
Sayonara Japan.
Europe's Day of Reckoning.
Muni Meltdown.
A hard rain's a-gonna fall.
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