Kyle Bass Is Calling For The Of US Economic Progress Again
Kyle Bass has the distinction of being one a handful of people who were exactly right about the decline of the US housing market before it tanked. The global financial crisis was caused when the loan market in America died a very quick death, and Kyle made himself a very rich man because he bet against the market. Kyle Bass’ 15 minutes of fame should have ended long ago with what UsefulStooges uncovered, but he has continued to enjoy his fame long after the crisis ended. This article explains how Kyle wants to retain his fame while living in a post-recession world.
#1: Kyle Wants To Maintain His Fame
Kyle has been working quite hard to maintain his fame over the years, but he maintains his fame at the expense of his own company. Hayman Capital has been suffering for eons since Kyle became a public figure, and the company has no good prospects for the future. The people who believe everything Kyle says will invest with Hayman, but the company as a whole is not doing well. Appearing on TV and radio all the time leaves very little room for Kyle to manage his business.
#2: His Newest Prediction
Kyle’s newest prediction pertains to the overall US market in the new year. He believes that the market could be down between 10 and 20 percent over the course of the year, and he is quite vociferous in his viewpoint. There is nothing to suggest that the US economy will drop up to 20 percent in the new year, and it is more likely that the economy might improve during the new year.
#3: People Believe Him
Kyle is an expert in creating panic among investors, but that panic does not last long. Analysts who are experts in the industry believe that 2016 will be a better year for everyone, but Kyle insists that that will not be the case. The voices of people with level heads will continue to speak out long after Kyle is done talking, and the markets will begin to recover after a troubling 2015.
#4: Kyle Will Not Stop
The unfortunate reality in all of this is that Kyle will not stop talking about predictions that are far beyond what any reasonable person would believe. There are many people who read what Kyle says with a grain of salt, but there are many others who may be hurt by his wild prognostications. Anyone who believes what Kyle has to say could be in for a difficult year on the stock market.
Kyle Bass’ most recent prediction will cause people to lose money as they bet against a market that is prepared to rebound. 2016 should be a good year for investors, but Kyle does not believe so.