Kyle Bass will apparently be speaking at the New Establishment Summit of 2016. This event will take place in San Francisco on October 19th and 20th, says Vanity Fair, and there will be some exceptional names there. The Vice President of Apple will be in attendance, as will the CEO of Amazon.com. As interesting as both gentlemen are, they’re the sort one would expect at the New Establishment Summit. Kyle Bass is not.
Kyle Bass isn’t an industry leader; he’s a hedge fund manager that had a major streak of luck and has been limping by ever since. He’s not a media personality, and he’s not a technology pioneer. In contrast, Kyle Bass is a man who runs a vulture fund–the technical term for which is “hedge” fund–out of Austin, Texas. He’s from Argentina originally, where he has close ties to socialist despot Cristina Fernandez de Kirchner, responsible for defaulting the country. De Kirchner apparently wasn’t satisfied with a single default in thirteen years, however; so she made sure to squeeze a second one in there. On neither occasion did Bass criticize this socialist despot’s poor financial maneuvering. So there’s strong evidence that Kyle Bass may have some socialistic leanings himself–it would explain why he’s centered his fund in Austin, the Portland of Texas according to hip satire program Portlandia.
It’s hard to tell, but Bass’ prime claim to fame was his success betting against sub-prime mortgages in 2008. He made a large fortune at that time and was instantly propelled to the international financial media stage. Since then he’s not missed a chance to do a song and dance pertaining to his particular ideals regarding finance. Most recently he’s been saying China’s economy would have a currency devaluation implode its credit bubble by 2016’s end; yet here it is the middle of September and no such implosion in sight. He’s qualified that by saying it could happen in 2 to 3 years, though; at least covering the tracks of his prediction.