Kyle Bass of Hayman Capital was on CNBC to discuss how Japan's debt compares to the U.S. market, and where value exists.
He said, "Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against."
"Greece will circle the drain and be ungovernable in the next 30 to 60 days," said Bass, founder of Heyman Capital and famous for presciently shorting subprime mortgage bonds before the industry collapsed. "Japan is in the crosshairs of the market... I've never seen more mispriced optionality in my entire life."
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He said, "Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against."
"Greece will circle the drain and be ungovernable in the next 30 to 60 days," said Bass, founder of Heyman Capital and famous for presciently shorting subprime mortgage bonds before the industry collapsed. "Japan is in the crosshairs of the market... I've never seen more mispriced optionality in my entire life."
Here is the video:
Also check out:
