This guy hates Kyle Bass but this is pretty entertaining regardless. See it below.
Chinese yuan has biggest rise since 2005. Kyle Bass was shorting it.
0:29dead debt crisis because Kyle Bass just completely doesn’t understand sovereign
0:35money and of course there’s the debt crisis in Japan rates are negative the
0:43government isn’t even paying people to hold its paper people are paying the
0:47government to hold Japanese government bonds and the end hours surging after
0:54several years were yeah it came down but it was well within historical levels now
1:01it’s urging so he was totally wrong on the Japanese debt crisis and he just
1:06looks like lost a lot of money right now betting against the one so this is what
1:12happens when you you know you’re kind of ideological and and really don’t strive
1:20to to find out how things operate and the various monetary systems I mean he
1:30just does not understand sovereign money like a lot of these big hedge fund guys
1:34look at all of the guys who lost you know buying gold when the Fed was doing
1:40that monetary operations thinking it was going to be hyperinflation it’s just
1:45really funny to watch these guys I mean what’s incredible about them is that
1:49they manage lots and lots of money I don’t know how they get it because
1:52they’re mostly wrong and the times that they do make money if you really look at
1:57their beds those are like rig bets that’s inside information
2:04the times when they just kind of goal with their wits they’re completely
2:10completely wrong
2:12so anyway just wanted to mention that and by the way stock market looking very
2:15good today we have a holiday here in the united states however futures are up
2:19down futures are up over 200 points turned right on a dime when I issued my
2:25buy buy buy recommendation based on the fiscal flows that I look at and one last
2:32thing I do publish a weekly report called the fiscal trend trader you want
2:38to sample copy of that report just go to my website pitbull economics dot com
