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 The Strategy Session today.
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: "The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
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