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News Link • Economy - International

Kyle Bass Summarizes The State Of The World: "This Is Insane!"

• https://www.zerohedge.com, by Tyler Durden

Despite interest rates having bounced (albeit very modestly) in the last few days, prompting shrieks of "the lows for yields are in" once again, and hyped-up belief that 'There Is No Alternative' to dumping bonds and buying stocks at record highs, Hayman Capital fund manager Kyle Bass has a different view suggesting that a global re-awakening of easier-and-easier monetary policy will drive US rates to zero (and potentially beyond).

"This is insane. The Japanese are going to keep going. The Chinese print money like it's a national pastime today. Europe is going to restart QE."

During an interview with CNBC, Bass exclaimed:

"We're the only country that has an integer in front of our bond yields,"

"We have 90% of the world's investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here."

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