I don’t usually watch CNBC.
Most of the time, the talking heads there don’t make a lot of sense to me.
For whatever reason, I caught it yesterday morning just as the interview with Kyle Bass (whom I had never heard of before) was starting.
It was perhaps the most salient finance interview I’ve EVER heard.
His analysis, the data. I couldn’t help but think, “wow, this guys knows his sh*t!” (sorry, mom, that IS what I thought!)
What troubles me about this interview, however, is that Kyle lays out the case pretty clearly that we are driving in the direction that will take us off the financial cliff. I couldn’t shake the feeling that the President and the Congress will just not have the political will (or the American people, for that matter) to go through with it.
The fact that he points to Japan as the example of how things go horrifically wrong (a case with which I have some familiar) made it resonate even more.
Still, you could see when they went back to the anchor that even he was blown away by the information.
I highly recommend you watch this video…and share it.
Note: I was so impressed, I called Kyle Bass’ office today in Dallas to ask if had a blog, twitter account or whatever…I need to stay on top of what this guy says.
Here’s the video, if you can’t see it below.
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