This has been the largest peacetime accumulation of debt in history, observes Hayman Capital's...
This has been the largest peacetime accumulation of debt in history, observes Hayman Capital's Kyle Bass. In the past we only saw global debt balances this high in relationship to GDP when nations were preparing for war. As a consequence, investment decision-making has become extremely difficult. “We've never been here before,” Bass says. His goal right now is simply "not to lose money."
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