Bass Master

Drivin' home this evening
I coulda sworn we had it all worked out
You had this boy believin'
Way beyond the shadow of a doubt
--Bryan Adams

Kyle Bass is a managing partner at Hayman Capital Management and one of my favorite reads. I found his recent letter to investors very interesting. He hits on some of the more central macro issues around the world.

His final section 'Does Debt Matter?' provides a nice overall view and how he is positioning accordingly.