One year ago
»» Texas macro maven
Kyle Bass of Hayman Capital Management waxed poetic on
global debt woes in his February 2011 letter to investors.
"… My host informed me of an audit recently done on
one of the largest hospitals in Athens. This hospital was
hemorrhaging Euros, and the Greek government is required to
make up the deficit with capital injections. Officials began an
inquiry into these losses and found 45 gardeners on staff at
the hospital," Bass wrote. "The most interesting fact about the
hospital was that it did not have a garden."
Bass has since continued providing colorful macroeconomic
analyses, as when in November he postulated that the