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From Kirsten Bischoff, Opalesque New York:

Although Hayman Advisors’s Managing Partner, Kyle Bass has been painting a dismal picture for the future of many markets as of late, he does not consider himself a pessimist by nature. “I’m not a contrarian for contrarian sake,” Bass explained during the latest Opalesque Roundtable in Texas, “…but I cannot go long until there is a restructuring.”

Bass has spent a great deal of time analyzing Japan (upwards of 80% of his time these days, he says) and expects it to be the next country to appear in the headlines due to severe economic distress. Not much brighter are his expectations for such a “Keynsian End” looming for multiple other markets as well. His current outlook is even direr than the one he previously made of the failure of the housing market - which allowed him to be one of a handful of managers who positioned themselves for spectacular gains as the global economic crisis first hit.

Over the past few weeks, Bass has grown even more outspoken on his bearish views; expressing his thoughts on Japan at Opalesque’s Roundtable, and then addressing his concerns about several other countries in a letter to his investors written ea......................

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