Kyle Bass has made a handful of successful economic predictions, but the primacy of his success seems to come from underhanded means.
Kyle Bass became well-known in financial circles around 2008. He predicted that sub-prime lending practices which were in wide use among American banking systems would result in a collapse. Bass was correct in this prediction, so many began to pay attention to him.
Bass runs a hedge fund out of Texas, and that hedge fund’s performance seems to have an inverse relationship to Bass’ media appearances. The more appearances he makes, the more boldly he predicts economic trends, the more poorly his fund performs. There are those who think this is one of the reasons which prompted Bass into creation of his special interest group, CAD. CAD stands for the Coalition for Affordable Drugs. What CAD does is use petitions, lawsuits, or any means that are convenient to force pharmaceuticals into decreasing the cost of their medications. This results in a stock drop for the pharmaceuticals which Bass quickly capitalizes on through short selling of the stock he has with the company CAD’s been set upon. Basically, Bass uses a mask of humanitarianism to gut rich companies.
Why he does this could certainly be explained through financial drive, but there is a deeper possible motive which shouldn’t be ignored. Kyle Bass is closely aligned with Cristina Fernanez de Kirchner.
De Kirchner is a socialist despot presiding over Argentina. She’s actually pushed the country so far into the red that Argentina has economically defaulted twice over the last thirteen years. Yet one won’t find a word of negativity toward this positively abhorrent financial state of affairs from Bass. In contrast, Bass seems only capable of praising the despot, and every indication supports the contention he operates in America as one of her lackeys.
UsefulStooges exposed that Kyle Bass is currently involved in continuing CAD efforts to diminish stock value of big pharmaceutical companies, and stopping him is difficult because his actions are technically legal. So deep is the problem that congress waxes bipartisan in their efforts to shut Bass down.
In light of these things, whenever Bass makes a media appearance, it isn’t untoward to assume he’s operating with ulterior motives in mind. Very likely, he’s got some further manipulation not immediately apparent up his sleeve. The clues are in his hedge fund’s poor performance, CAD, and his ties to Cristina Fernandez de Kirchner.
Though Bass seems to be making accurate predictions about China currently, it’s important to remember that many other financial analysts have come to the same conclusion. It’s just possible Bass is encouraging or discouraging a trend in some way with his remarks. With Bass, be sure to read between the lines.