Some people have credibility and some people don't. Everyone is entitled to an opinion, but some deserve more of an ear for making brave and accurate calls.
Then there are those precious few who provide educated predictions so historic that they warrant the highest level of attention.
We are fortunate to have one of these individuals on
My "Call-to-Action" is to watch and listen to our special guest at 12 noon, Kyle Bass, Managing Partner at Hayman.
This is the man who foresaw the subprime chaos and the credit crisisthat followed. His meeting with Bear Stearns' top brass to question them on their subprime stance was documented by my colleague, David Faber, in his critically-acclaimed documentary, House of Cards. That I get to participate in their freshest conversation is a privilege.
What will we discuss?
How about the possible default of Japan?
The rage of discussion has centered on Europe. Greece, Spain, and Portugalcertainly have dire dilemmas, but what about the country whose economy has just been surpassed by China's to lose its #2 ranking in the world?
Bass thinks Japan is in a world of trouble, and in a much worse mode than even the most pessimistic experts have been prognosticating. We will ask Bass his take on the sovereign situation, his time horizons, and his remedies.
It won't stop there. Bass has a tremendous amount to say about the global economy as well as our own domestic woes. And when someone of his stature is ready to disclose his investment strategy, that highest level of attention we alluded to is required.
- Sovereign Credit-Default Swaps
- The Power of Suggestion to Sell Japanese Government Bonds
- Slideshow: Origins of the Financial Crisis
Programming note: "
Gary Kaminsky does not hold any equity positions.
The content of this blog is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.
All opinions expressed in this blog are solely the opinions of Gary Kaminsky and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated on television, radio, internet or another medium. You should not treat any opinion expressed by Mr. Kaminsky as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Mr. Kaminsky’s opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Kaminsky, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Mr. Kaminsky’s statements and opinions are subject to change without notice. No part of Mr. Kaminsky’s compensation from CNBC is related to the specific opinions he expresses.
Past performance is not indicative of future results. Neither Mr. Kaminsky nor CNBC guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.