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.
Interesting comments regarding Japan's debt. According to the CIA World Factbook, the median age in Japan is 44.6, the highest among major developed countries.
ReplyDelete