#085 Kyle Bass On China: 'We Sit At A Hinge In History Right Now'

Texas-based hedge fund manager J. Kyle Bass, the founder and chief investment officer of Hayman Capital Management and founder of private equity firm Conservation Equity Management, joins Julia La Roche for a wide-ranging discussion on macro, geopolitics, and the rising threat of China.  0:00 Intro  0:35 ‘Out of body experience’ meeting with former central bankers, academics 3:30 Fed is ‘completely out of touch with reality’  5:30 This has nothing to do with the Phillips Curve  6:58 Chain-weighting inflation  9:57 Frictions in society  12:15 Heading toward a recession  14:15 Commercial real estate  19:22 Yellen’s trip to China 26:00 Wall Street greed  21:03 Is the business community waking up?  26:20 Exposure to China 28:00 Risk of invading Taiwan  30:00 Talk about what Xi Jinping says  34:00 Should be ringing alarm bells about China  38:00 Need peace through strength  41:00 Economic War Department is needed 44:00 We sit at a hinge in history right now