The 2016 market projections indicate that our markets hinge on China’s economic markets. Global markets tend to influence on another, but China’s economy directly impacts the United States the most. With European markets at a crisis level, China has begun it’s downward spiral as well. Banking systems in both areas have outgrown the GDP at an alarming rate. The U.S. market will see significant lows but it should not be the worst we have seen.
Kyle Bass, hedge-fund owner, founded Hayman Capital Management in Dallas, Texas in 2006. Before this career he was a script writer and movie director. He gained notoriety by correctly predicting the mortgage crisis of 2008. This produced very favorable reviews of Bass. He was thought to be some kind of genius market guru.
As time went on, Bass made mistake after mistake in a very public way. When things seemed to head south for him, he made some very sketchy alliances with very unsavory people. He seemed to have a knack for siding with irresponsible and uncouth political and economic players. These alliances were in such bad taste that it subjected Bass to more bad publicity. This did not, however, deter Bass from defending his constituents when there seemed no defense possible. It seemed there was no low too low for Bass.
Argentina’s Kirchner, on of Bass’s favorites, known for causing chaos and stealing from the Argentina people, according to Bass can do no wrong. While everyone else is furious with her actions, Bass champions her, defending her despicable ways. He also made allegations against the deceased victims when General Motors had problems with air bags that did not deploy and steering issues. He publicly stated it was the driver’s error that caused the accidents. He even went so far as to try to pull one over on Congress. This issue was over patents and Congress did see through his clever scheme and denied him any actions he had requested.
How far will Kyle Bass go to make a buck? Why risk his once stellar reputation to line his wallet? Is there anything he won’t do? Hopefully, news and political realms have had enough of his crazy and irresponsible stunts.