Kyle Bass on debt, Japan, Greece, Iceland and popular economic delusions

February 15, 2011   Josh Friedlander


"Investors around the world are engaging in acute and severe cognitive dissonance."

Kyle Bass's February investor letter is, as usual, thoughtful and data-intense. It is also uncommonly amusing, thankfully, given the depressing state of the global economy that it so skillfully dissects.

...my host informed me of an audit recently done on one of the largest hospitals...

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