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Posted On: 07/26/2019 8:39:08 AM
Post# of 27273
MARKETS
Hedge fund manager Kyle Bass says a US-China trade deal can’t be reached
PUBLISHED THU, JUL 25 2019 4:37 PM EDT
Yun Li
KEY POINTS
”...the Communist Party doesn’t want to submit themselves to anything measurable or enforceable. I don’t think an agreement could be had,” Bass says.
“We believe rate cuts are less and less effective once you’ve been at a zero rate bound...I think in early 2020, you are just going to see softness in the U.S. economy,” he says.
The hedge fund manager recommends buying long-duration assets and high-yielding U.S multinationals.
Hedge fund manager Kyle Bass says a US-China trade deal can’t be reached
PUBLISHED THU, JUL 25 2019 4:37 PM EDT
Yun Li
KEY POINTS
”...the Communist Party doesn’t want to submit themselves to anything measurable or enforceable. I don’t think an agreement could be had,” Bass says.
“We believe rate cuts are less and less effective once you’ve been at a zero rate bound...I think in early 2020, you are just going to see softness in the U.S. economy,” he says.
The hedge fund manager recommends buying long-duration assets and high-yielding U.S multinationals.
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