Remarkable and pivotaal year for america. Kyle bass is with us. He joins us right now. Gary i want to talk to you about the race but first i want to talk about the story of the week. Negative Interest Rates. There were warnings about the implications for negative rates. As i talk to our clients, its the biggest concern we have. Should we be worried about negative Interest Rates in the United States . Kyle bass i think this is where the academics are clark with the practitioners. I think on paper negative rates make a lot of sense, but in the world they make no sense. Having trillions in debt an trading at 50 basis points is ludicrous. This experiment going on, we all know will end poorly but we dont know when that time is. Gary the academics may influence the policy makers. Should people be considering taking money out of banks because soon they may be having to leave the money there . If they told you and i they are going to tax deposits by 100 basis points, better to put it in a safe
Remarkable and pivotaal year for america. Kyle bass is with us. He joins us right now. Gary i want to talk to you about the race but first i want to talk about the story of the week. Negative Interest Rates. There were warnings about the implications for negative rates. As i talk to our clients, its the biggest concern we have. Should we be worried about negative Interest Rates in the United States . Kyle bass i think this is where the academics are clark with the practitioners. I think on paper negative rates make a lot of sense, but in the world they make no sense. Having trillions in debt an trading at 50 basis points is ludicrous. This experiment going on, we all know will end poorly but we dont know when that time is. Gary the academics may influence the policy makers. Should people be considering taking money out of banks because soon they may be having to leave the money there . If they told you and i they are going to tax deposits by 100 basis points, better to put it in a safe