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Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

Kyle Bass on CNBC: Wall Street Sees Only Profits in China

Hayman Capital founder criticizes Trump's handling of China trade negotiations

October 01, 2019 | About:
Kyle Bass (Trades, Portfolio), founder of Dallas hedge fund Hayman Capital, criticized President Trump's handling of trade with China on CNBC Monday.

Bass cautioned against Trump making a deal with Beijing without requiring reforms. Allowing the country to "buy some soybeans" and continue to "pillage us by stealing from us every year" would be "the dumbest deal Trump's ever done in his life," Bass said. "I know he's done some humdingers," Bass added.

But investors continued to find China an appealing place to invest despite lack of a deal that reinforced respect for intellectual property and other changes to how the government acts toward U.S. businesses.

"Again, Wall Street can't wait to invest more money in China because all we see is profits at the end of the line," Bass said.



About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


Rating: 4.0/5 (1 vote)

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Comments

harryjeff704
Harryjeff704 - 2 months ago    Report SPAM

I truly agree with your thought and think the big companies only trade with china for the profit and not for their welfare. Even McAfee activate the company to do the same.

quickbookssupport14
Quickbookssupport14 - 2 months ago    Report SPAM

Well, I would like to share my views on this topic and I want to know more about Wall Street Sees Only Profits in China visit: grindr for computer

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