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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."
Comments (26)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Mr. Bass is certainly correct. Too bad we cannot get a few folks like him in some leadership positions and have them focus on changes and solutions that actually would improve the economy and work for the benefit of the majority of the citizenry.
    3 Oct 2012, 08:14 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Thank the FED and CONgress for this debacle. Too bad most Americans are too complacent to do anything but play their Ipad.
    3 Oct 2012, 08:38 PM Reply Like
  • Terry330
    , contributor
    Comments (868) | Send Message
     
    All the W. Bush wars was on borrowed money,trillions. Today Romney wants to cut taxes and borrow another trillion+ for another 10 year war.
    3 Oct 2012, 08:49 PM Reply Like
  • RJKRJK
    , contributor
    Comments (154) | Send Message
     
    A foolish comment as usual.
    3 Oct 2012, 09:21 PM Reply Like
  • wyostocks
    , contributor
    Comments (8707) | Send Message
     
    Kool Aid time again?
    3 Oct 2012, 10:48 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    I agree "trillion +" vastly underestimates what Romney would spend in Iran...would be the same kind of "initial estimate" we had with Iraq.
    3 Oct 2012, 11:08 PM Reply Like
  • june1234
    , contributor
    Comments (3023) | Send Message
     
    Are we talking about the hundreds of trillions of $$ in derivative debt on usdebtlock.org? all banker debt, or are we talking about the economic model of sending trillions of $ to bankers while 400,000 people continue to leave the work force in the US each and every week as they have done for over 4.5 years now. And that number never includes the self employed when they lose their income.On with the recovery. I need to get back to Jim Cramer.
    3 Oct 2012, 08:50 PM Reply Like
  • Chris Lau
    , contributor
    Comments (2132) | Send Message
     
    The ineffectual use of QE3, massive growth in debt, and China slowing because of Europe are all reasons the stock market is a dangerous place despite indexes holding up. It's being manipulated. The market rises in the last hour.

     

    Manage risk first, minimize losses, and look for opportunities to come, because they will come - it'll be a year or a few years before the opportunities play out.
    3 Oct 2012, 09:13 PM Reply Like
  • wyostocks
    , contributor
    Comments (8707) | Send Message
     
    And when the Fed starts to unwind as they must eventually?
    3 Oct 2012, 10:50 PM Reply Like
  • june1234
    , contributor
    Comments (3023) | Send Message
     
    Chinese economy is based on their exports to western consumers and that consumer is not consuming the way they were in 05, either in Europe or in the US. Cutting off credit in a consumer driven economy like ours to so many was not the smartest thing to do This has always been a credit economy.

     

    It will happen once its clear even to the manipulators that all this money printing can't change reality;it's the largest miss-allocation of capital in history for sure. Then those same people who have been propping up this money printing rally will dump those stocks, they ain't getting caught with their pants down like in 08. It wont be pretty.
    3 Oct 2012, 09:43 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Excuse me? Was that one, or two wars that we have been fighting during the last ten or so years. Oh, he must be thinking about police actions.
    3 Oct 2012, 10:03 PM Reply Like
  • june1234
    , contributor
    Comments (3023) | Send Message
     
    as expensive and misguided those wars may be their cost is nothing compared to the trillions they have have printing and pouring to banking interests across the globe to cover those interests over-leveraged bets, like 300 to 1 leverage; that's what happened in 08. credit default swaps, currency default swaps(still selling those) and all sorts of exotic derivatives, one giant hugely over-leveraged credit bubble ; they never had the money to pay for any of it, still don't, never did, not when you're playing at 300 to 1; who would? You cant solve a debt problem with more debt
    3 Oct 2012, 10:18 PM Reply Like
  • bobk217
    , contributor
    Comment (1) | Send Message
     
    Peacetime? Tell that to the thousands of US troops who have died over the last ten years. There are troops in harms way right now.
    3 Oct 2012, 10:20 PM Reply Like
  • Petrarch
    , contributor
    Comments (857) | Send Message
     
    if you can borrow money at 1.7% and your economy is growing at 3.5% nominal 1.5% real - you are foolish not to do it.

     

    P
    3 Oct 2012, 11:01 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    I never served in the military, I am absolutely siding with bobk217 on this one and not backing down. You cannot put a price on some things in life. I for one, feel honored for their service to this country.
    3 Oct 2012, 11:11 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Just watched the debate. I voted for Obama in 2008, and will vote for Romney in 2012. Tired of all the broken promises and deception.
    3 Oct 2012, 11:15 PM Reply Like
  • berbno1
    , contributor
    Comments (1459) | Send Message
     
    J457...certainly understand your frustration, but 2009 seriously on a slippery downhill, 2010 elections with opposing party stating the only goal was to see the President fail, 2011,2012...no, no, no to anything that could remotely be used as example of success. We need a single 8 yr term for President...imo 2yr terms for HoR has got to change, too. Besides gov gridelock, outrageous money spent on campaigning.
    4 Oct 2012, 01:07 AM Reply Like
  • DAG Investments
    , contributor
    Comments (3637) | Send Message
     
    It's so ironic that some consider the guy who has never spoken an honest word in his life the solution to non-existent deception.

     

    http://wapo.st/PyprB8
    4 Oct 2012, 01:13 AM Reply Like
  • DAG Investments
    , contributor
    Comments (3637) | Send Message
     
    "Peacetime"!? That moron actually thinks we have been or are in "peacetime"!? I feel terribly sorry for the sad souls who trust their money in the hands of someone who would actually say something that stupid out loud.
    4 Oct 2012, 12:11 AM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Vote your conscience sir, I commend you for exercising your privelege to do so.
    4 Oct 2012, 12:14 AM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (115) | Send Message
     
    i love this guy. he will be vindicated in the end.
    4 Oct 2012, 06:41 AM Reply Like
  • frosty
    , contributor
    Comments (705) | Send Message
     
    Visit a VA hospital and tell the veterans they wounded during peacetime. Tell the families of dead soldiers they gave their lives during peacetime. For 10 years, we've been fighting the 2 most expensive wars (sorry, peaces) since WW2. 'Untrusting Investor', above wants people like the author in leadership positions. People who can't discern between war and peace?
    4 Oct 2012, 07:21 AM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (115) | Send Message
     
    when he says peace time he is referring to a standard war, between two or more sovereigns. no need to make this personal, you clearly understood what he meant. he was making a point that there is no way to expunge the debt onto the losing nation, so he isn't sure how to get rid of it.
    4 Oct 2012, 07:49 AM Reply Like
  • Interesting Times
    , contributor
    Comments (12526) | Send Message
     
    I have 2 nephews FIGHING right now in the Peacetime era.....wow..

     

    Tell their dads not to worry daily...
    4 Oct 2012, 03:40 PM Reply Like
  • tradewin
    , contributor
    Comments (658) | Send Message
     
    Standard war. You're an open book kid. The author made it personal with the title. Possibly unintentional, but he has a chance to redeem himself here with his readers if he chooses to do so.
    4 Oct 2012, 08:22 PM Reply Like
  • bull_market_somewhere
    , contributor
    Comments (115) | Send Message
     
    i follow mr bass quite closely, he's a genius in my book. if you watch the whole interview he gave david faber, you would understand what is meant by "peacetime."
    5 Oct 2012, 06:34 AM Reply Like
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