KYLE BASS: This Is What The End Of The Global Debt Super-Cycle Looks Like

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, December 1, 2011 KYLE BASS: This Is What The End Of The Global Debt Super-Cycle Looks Like In his latest investor letter (via Gurufocus), Kyle Bass lays out his case that a wave of hard defaults is coming. His basic argument: The world is just saddled with too much debt. Throughout history, he says, total debt-to-GDP only ever breached 200% when nations were spending on war. Today we're at 310%. Says Bass: "There is no savior large enough with a magical pool of capital to stave off this unfortunate conclusion to the global debt super cycle. We think hard defaults are imminent." Read » Also On Money Game Today: MORGAN STANLEY: The Complete Guide To China's Economy In 2012 And 2013 David Rosenberg Called His Office And Asked Something He's Never Asked Before Goldman: These 7 Things Could Derail The Economy In 2012 Sarkozy Acknowledges Fragility Of AAA-Rating Advertisement CHART OF THE DAY: BRICs = Bloody Ridiculous Investment Concepts CHART OF THE DAY: American Airlines Has Taken A Big Round-Trip Flight CHART OF THE DAY: Guess Which Country Has The Highest Percentage Of Workers Employed By The Government Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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