Kyle Bass on Europe, Japan, the US, and Gold

Kyle Bass speaking at AmeriCatalyst 2011 in Nov. 2011.

Kyle Bass was briefly mentioned in Michael Lewis's The Big Short and covered in more detail in Boomerang. He made a ton of money shorting the housing market in 2008.

19 min. 30 sec.: Total Credit Market Debt to GDP >300%. First time in world history that we're here.
27 min. 55 sec.: Housing market, shadow inventory, government is 90% of the market.
34 min. 25 sec.: Japan's pending doom.
41 min. 55 sec.: Why he recommended taking delivery on physical gold at U of Texas.
42 min. 30 sec.: Gold open interest (paper ownership) vs. actual gold available for delivery (or $80B vs. $2.7B). What happens if 4% of the $80B ask for delivery? Price skyrockets.
55 min. 30 sec.: Sovereign balances. Who's next?

Source: http://www.youtube.com/watch?v=5V3kpKzd-Yw

Source: http://articles.businessinsider.com/2011-10-03/wall_street/30237821_1_greek-default-hedge-fund-manager-greece-defaults