Fiduciary expert Kyle Bass has a great deal to say about what financial polices are the best and how the American and world economies are going to look in the next couple of years. In a recent interview with Business Insider magazine, he shared a number of these responses.
Kyle Bass’s expertise is not without controversy, however. According to Useful Stooges Kyle Bass has a history of making some poor career choices. In 2006 Kyle Bass became a superstar in the financial world when he predicted the 2008 subprime mortage crisis.
Since then, his predictions have not been good. In fact they have been wildly bad. He has also made some poor career choices by aligning himself with the wrong people. Bass is a big fan of Cristina Fernández de Kirchner and her economic policies despite the fact that most people believe that the socialist is the cause of her countries economic problems.
He has also become involved in a number of shady deals that involve challenging phamacutical patents and then buying and shortselling stock. While this genius move certainly can make him a great deal of money, it is unethical at best, and is skirting, if not breaking several laws. It is clear that Kyle Bass has only his own interestes at heart.
Kyle Bass supports Hillary Clinton as the best canidate for job, when it comes to the financial markets, but gives few details as to why and openly admits that he does not follow public policy issues.
Bass has been hypercritcal of banks, and has made a big deal out of the fact that fees at banks are constantly increasing. He believes that people will start to take their money out of banks as these fees increase. As banks continue to move towards negative interest rates, he belives that it makes more sense for people to move their money and to buy gold instead.