It has been a rough journey for Kyle Bass. This journey has seemingly started just after he has made the prediction for the 2008 economic crisis. This prediction coming true has caused people to want to listen in on what he has to say. He has shown that he has the magic touch. However, each appearance he has made has had people wondering at first what has happened to that touch. Then they began to realize that it was a fluke. Kyle Bass has sunken to a new low with each appearance. It began to seem that Kyle Bass couldn’t make a good decision to save his own life.
There are tons of embarrassing moments that Kyle Bass has had in front of the audience that have first turned them away, then brought them back just so they can see what type of fool he would make of himself. For one thing, Kyle Bass has made a lot of thoughtless statements about various topics. He has also aligned himself with others that are not skilled at financial management. Cristina Fernandez de Kirchner has defaulted her own country on a sovereign debt more than once. However, there is something that might turn out in Kyle Bass’s favor.
Kyle Bass is looking at the economy of China and he is predicting that it is not going to get better for that country anytime in the near future. He is making the bet. Now, people who understand Kyle Bass’s history might be inclined to take that as a good sign for China. However, there are other economists and investors that are saying similar things. Therefore, Kyle Bass might have made a good call this time. If it turns out that China is not going to recover very quickly, then this could have an effect on the market in a lot of ways.