Fabulous interview with renowned hedge fund manager Kyle Bass, on the current dire situation, which is abut to get much worse, permanent job losses, bonds, global debt going from $80T to $210T, growing at 12% annual growth rate, while GDP has grown at 4% only, therefore... boom. He says the U.S. is lucky to get 1.5% grwoth, but the nimimum to keep unemployment from going up is 2.25%!
The bill is due today.
What Bernanke is saying is that interest rares will stay low... forever. He cannot raise them.
December 19th: the day of decision for Greece. It's a full wipe-out.
This is from he mentions that Geithner has been god:
Watch interview (1h)