China has been facing a lot of financial woes. According to Kyle Bass, these woes are not going to get any better anytime soon. He is making a bet against the economy of China. He is stating that there is not going to be any improvements to the market conditions of the country anytime soon. From what things look like, Kyle Bass might be right. This may be the biggest prediction that he has made since the economic crisis of 2008. However, when one looks at the history, he would see that he has a questionable track record when it comes to financial decisions.
Kyle Bass has started his life in the spotlight when he has successfully predicted the economic downturn of 2008. When one looks at the amazing prediction he made, he will wonder what has happened to that touch he had. There was one point where people tuned in to see what Kyle Bass had to say. He was in fact one of the most trusted investors at some point. That time has not lasted at all. He has made a ton of bad calls that resulted in him being seen as someone who is not worth watching other than for laughs.
Among the bad calls that Kyle Bass has made was making calls about a certain economy. He has often made the same statement about the economy of Japan over and over. However, the prediction he has made has not come to pass. With plenty of other mistakes and frantic gambling actions he has made, he has quickly fallen from grace. However, he seems to be making the right decision when it comes to the economy of China. Whether he is right or not remains to be seen. One thing is for certain. Kyle Bass will still continue to make his calls.