- 18 декабря 2011, 11:29
- Seeking Alpha. Most popular articles
This week, investors were treated to interviews and investor letters from two hedge fund titans who both warn of the pending European banking crisis. Kyle Bass and Michael Platt hit the airwaves this week voicing their concern and frustration for a lack of credible solution out of European leaders.
Investors should take heed of Bass’ and Platt’s view, as both have had success calling recent macro trades.
Kyle Bass of Hayman Capital expects depositors in weaker periphery countries to withdraw money from banks in the coming months (investor letter and CNBC interview). Hayman released a must read investor letter this week, outlining the fragility of the European banking system and underlying deposit base of the periphery.
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Ultimately, Bass believes central banks will take the nuclear option and print money-- but not until after debt defaults occur.
Michael Platt of BlueCrest Capital said most of the
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