Taps Coogan – December 19th, 2020

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Kyle Bass, founder of Hayman Capital Management, recently spoke with Macro Voice’s Erik Townsend about his outlook for 2021. He sees a combination of liquidity, potential infrastructure stimulus, and a rebound from lockdowns leading to a rise in inflation, a bull market in certain commodities, and equity price appreciation more broadly. He also expects the outflow of human and financial capital from Hong Kong to benefit Singapore and the UK.

The only observation I’ll share about the interview above is that I can’t help but wonder how much of what’s discussed is already priced into markets as they rocket higher by the hour.

Enjoy the full interview above.

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