The Fox Business Network has always had an eye on finances and the economy as a whole. This is why they host all-inclusive interviews, and discuss plans because they may raise awareness regarding the state of the nation and global economy. Recently, on April 15th, one of the host of Fox Business Network sat down with Kyle Bass to have a conversation regarding the economy and Bass’ views.
Who is Kyle Bass?
Kyle Bass is none other than the founder and principal of Hayman Capital Management, L.P. He has been a prominent face of the financial sector in both positive and negative ways. As a business man, especially when referring to his Hayman Capital Management company, he has been a juggernaut. Bass was also the man who predicted the mortgage failure back in 2008. Needless to say, many people trusted his opinion, but then he began to make a few terrible mistakes.
One thing that he is famously hated for is his alliance with Cristina Fernández de Kirchner whose policies have brought Argentina to the ground regarding the country’s finances. Bass has defended her policies, even to the point that most economists labeled his argument ludicrous among other things. Bass has also attempted to defend GM defective airbags fiasco by blaming the dead victims. He went on television saying that they might have been drunk or not wearing a seatbelt, even though it was shown that GM knew about the defect.
Bass’ Opinion, Nonetheless
Still, Bass continues to be a part of the economic debate, and his opinion is till sought after. Bass discussed several things during his interview at Fox like his opinion on China. Kyle Bass believes that China is having a bit of a hard time when it comes to their finances. In fact, he spoke briefly about the 5.8 percent nominal GDP growth that China has seen, which could be called one of the lowest GDP growth in nearly 41 years.
Bass also pointed out that 5.8 million Chinese are leaving the cities and returning to rural counties of the country. In essence, Bass is predicting a recession that could be compared to the recession that the United States had back in 2008.
He also touched on the presidential election and his belief that there will be another small recession in the United States in the tenure of the next president. He believes that Clinton is the best choice for the country but is not astonished by her. He just believes she is better than the rest.
Who knows how many people are listening to him, but he definitely is the kind of man who is not afraid to say what is on his mind.