Bad Seats…Hey Buddy!
Posted By thestatedtruth.com on March 12, 2013
Hmm…This from the very successful Kyle Bass
We are right back there! The brevity of financial memory is about two years.
I don’t get paid to be an optimist, I don’t get paid to be pessimist, I get paid to be a realist – and a prudent fiduciary of the capital, and then if i have time I care about the social issues of the world.
If I am right, the social issues are going to be very difficult.I don’t think we devolve into anarchy and I do think the payment systems will continue to work but what they will pay with will be wumpum…
We will go thru a period where its a little tougher…
We went through a period where it was briefly tough and now there are 1400 new billionaires in the world– maybe some capital was misallocated…
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