KYLE BASS - DECEMBER NEWSLETTER

As an add on to the previous post, I was able to find a copy of the December Hayman Capital investors letter.

Enjoy.

http://www.scribd.com/doc/75784106/Hayman-Capital-Letter-Dec-14

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/

CRACKS IN THE FOUNDATION

Ok, we knew there were serious problems with Europe as this has been a topic of discussion for more than a year on this blog.  I need to write a more detailed post on the impact that MF Global is having on the financial system, but this interview with my all-time favorite hedge fund 1%er, Kyle Bass is a great introduction to the subject.




As usual, Kyle delivers a message of death in a matter-of-fact style.  He makes the following key points;

• That the peripheral countries in Europe are already way past the point of no return and they are going to usher in the break up of the Euro system.
• That the ECB and EMU leadership really have no plan.
• Liquidity provided by the Fed recently in the form of dollar swaps is an indication that there is much more trouble in credit markets than you might think.
• When looking at the dollar swap facilities you need to realize that they are trying to counter the seizing up of global credit markets.

Enjoy the 11 minute video.  Look for a post this weekend about the MF Global fallout.  I heard a really good interview on Bloomberg Radio about the impact this disgusting theft is having on ranchers and farmers and I will see if I can find it for your listening pleasure.

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments athttp://www.goatmug.blogspot.com/