Kyle Bass: Wall Street is more interested in making another dollar with China than national security
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- Kyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the state of U.S.-China relations amid rising tensions, China's economic woes and real estate crisis, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Kyle Bass is one of our greatest treasures in America. A true leader that's head and shoulders above the rest in his sector. He's one of my favorite people ever.
Put your money with him then
This guy is a gem. Please put him on president's advisory panels.
Just allow them what they allow us ! Why cant that happen?
another racist in government, great idea.
yeah he reminds me of Peter Navarro aka Ron Vara heeee heeeee hhheeeeee
He is not. He is an intelligence 'asset', he said nothing when USA was and is subverted by israel.
he really is...no-one else has blown investors money and made a bad call on china as this guy
We need people like Kyle Bass in government. Kyle Bass for President!!!
Very true!!!
100%
People like him will cause WW3
100%
This was a good segment - very interesting.
I hope the Government is listening to this guy. He has definite ideas how to deal with China
They have done nothing in Forty years. Dont hold your breath. And our birth rate does not replace, we are dependent on migrants.
How about start mass deportations and stop funding israel?
Wall Street would sell us up the river for a quick buck.
One of the only guests who has sense
Thanks, Kyle. Always clear eyed and real. As to the regulatory agency, I think you meant the FCC, not the FTC.
INFORMATIVE And spot on ! Very important . Thank you Kyle !!
The only sensible/sane analyst.
Wall Stree not only represents the top .1% but also big pension funds and personal retirement saving accounts like 401K. So Wall Street making money is foundamentally important to majority of the American people.
Top 10% of earners own 70% of the market so sort of but also… most Americans don’t benefit. It should be true what you are saying but it’s not really.
😂 like maybe making a couple grand a year before fees, charges and taxes are deducted on your pension is much better than making a good wage with benefits equal to several thousand a year now.
@@jolness1wrong! top 10% own 90% of total worth.
@@Whataboutism-o8j nope, top 10% owns 120% of the total wealth, the rest 90% owns 80% of the debt
Kyle would make a good president, it's too bad that the job doesn't pay more.
The good thing about a democracy is that the majority of voters get exactly what they deserve. The tragic thing about the "united" states is that it is impossible for normal Americans to have good government
That was a good interview. CNBC needs to have an effective counterpoint to Kyle Bass. The questions that were asked of him clearly demonstrated that Bass' knowledge of China is far greater than any employee of CNBC has.
True of any topic..
OP, not hating on your point but what's the counterpoint? He's right.
Bass is effectively just saying we don't have a plan which is true. Some of the specifics sound more dramatic, so someone could push on those; but mostly what he's saying makes sense so they don't have much to argue. Relationship with China is unhealthy but we do it because people like cheap stuff. US needs leadership that reasonably thinks through what's worth keeping here and paying more for and what doesn't matter.
Bass only sounds good to people who dont really know him or agrees with him ... he is actually very bad at investing. Check his performances.
Bass has also had some major losses. In 2011, he lost $1 billion betting against the Japanese yen. He has also made losses betting against the Greek government and the Chinese stock market.
There may not be a counterpoint. CNBC, though, should have a China expert who can 1) confirm Bass’ points on China 2) provide an historical framework of why the relationship with China is very different from, say, the Soviet Union. In any case, the interviewers don’t have the knowledge to challenge Bass’ points, which is just a fact based argument.
@@posthocprior curious what makes you think Bass knows anything about China (facts).
Since he’s talking about broadcasting into our households in the media sense, doesn’t Bass mean the FCC rather than the FTC?
Correct. It was supposed to be FCC.
I am pretty sure Chinese parents have no idea what you are talking about when you say tic-tac broadcasts right into your kid’s bedrooms and there is nothing you can do about it. American parents should reflect on that. Do you think Chinese kids just go around doing and watching whatever they want?
China has ID verified age restrictions on game time.
Good point. Well said.
Chinese have better control over their childrens...
very disciplined
Did you imagine putin invading ukraine? Did you imagine a world in which he wouldn't do so. The eastern march of nato. The coup. His access to projecting power in the " southern hemisphere". Absolutely everyone was hoping he wouldn't and cede us the win. Anybody with any sense knew that he wouldn't.
Could you imagine.... Put in had already invaded Ukraine during the Obama administration. Also invaded Syria with the USA ROLLING OUT THE RED CARPET.
Kyle, you’re living in ancient time, stay home
Love to see Kyle on
The is the best clip that your station has ever been put out. Thank the lord.
this guy is great. The rest of the guests can't get their brains to understand common sense.
I will vote for him as President of The Shorts.
Maybe he will pull down his shorts and take a huge dump.
Love this guy. Clear thinker. Great speaker.
Rock on Kyle Bass, preach it . Sadly clowns like Andrew will never get it.
Imo what we are seeing is a period descent. It is happening in the west as much as it is in China. It is the choice of the people in power and leadership and their people whether they and we make that descent period a graceful one or descend into a full violent spiral and a disgraceful period in time. Let's hope for the former and not the latter for the sake of Americans and Chinese peoples, mostly the poor or hard working families and not wealthy by any means, but merely trying to keep themselves or their families afloat. Those are all the people whose lives would be catastrophically affected by terrible decisions carried out by our leaderships. I think America will always have a relationship with China. There is no way around that, but the asymmetry of our value systems means our countries have to look beyond our 2 countries for the future of our people and it becomes truly unfair to Americans and Chinese to rely primarily on this partnership to raise every boat. It simply does not happen and has not happened.
Andrew just couldnt wrap his head around any of it. He is either naive of human nature, (ie: dumb as a stump) or he is full blown Ray Dalio commie...
To call Andrew a clown is to disrespect the honorable profession of clown
@@davebrewer7170 Nicely done Sir.
@@user-hf2dr7sh4y Well said User.
Kyle Bass for President
“4 millions jobs are gone” but you get products at low costs so the American citizens have extra disposable income to spend on other things in the local economy, why don’t you talk about that?
All I say is where you when President George W. Bush was shipping all those jobs to China?
Isn’t there a labor shortage?
If it didn't go to china ,it would of went somewhere else other than US.
Why hire 1 American when you can hire 5 chinese? And now, why hire 1 chinese when you can hire 5 Indians?
I would pay higher prices to bring manufacturing back home. We are in the process of doing this. Our multinationals are the ones making out. Yes goods from China are cheeper and save some Americans money. I haven't bought anything that says (Made in China) in a very long time. Love the Chinese people. Their government has to go.
@@MikeyD8632 75% amazon 80 % Walmart 90% apple products are all made in china. Good luck buying stuff not made in china. Great you have money to buy iPhone for $3000, but most people would rather pay less .
$5 an hour, every job will go back to US . $4 an hour, china jobs will go to US. $3 an hour , everything could be made in US.
I think he means FCC (Federal Communication Commission) and not FTC (Federal Trade Commission).
The reason we put them in place??? Why would *anyone* want an FTC? We're supposed to be a free nation, not one which is aspiring to be totalitarian.
I am fine not having my content filtered by government. Who is this guy?
But your fine having your content filtered by China sourced businesses based in the U.S.?
surprised to hear this message from a CIO, well said and agreed 100%.
But the big guy wouldn't get his 10%
Didn’t he maintained , for a long time , an office in Hong Kong ? Something like Hayman Capital Management ?
Never heard him before but I like him
Kyle for President! 😃
China is playing chess, America is playing checkers.
What kids? . . .That's every the 1st world "national security" problem.
KYLE IS ABSOLUTELY CORRECT.
well duh, wallstreet is all about money and they'll have to do w/e it can for the big money lol...
I love that he put liberal andrew in his place.
Listen to Kyle’s speech at the Hudson Institute. It’s 100% spot-on.
Kyle for Presidency!
Thank- You Kyle.
Until the world get to know how good and generous Stacy Griffin is, I won't stop saying this cause my life has taking another great shape financially all because of her good work, may God keep giving you the strength to satisfy all your clients
Stacy Griffin Kartner
☝️
Amazing
Very true
But greed is our value, sadly
😂this guy is going to lose his shirt again.
We should have done this with Latin America labor would not have been as cheap but in the long run we have more similar western values with South America than the east and perhaps crime and therefore immigration would not be a problem for us here in the us.
Censorship coming to neighborhoods near you
The internet is an alternative transmission network.
Without all the money you made hedging against your own fellow men, you'd be sleeping in a tent somewhere and not here babbling away.
That guy is smart
Instead of looking at China as a national security threat, you should look at your next door buddies, they're celebrating the Natziz in their parliament, and predictably their president blames Russia for it....hahaha
Kyle Bass, the dude who shorted China big time, and lost big time. He is China expert alright
China's biggest stocks crashed 50,60,70,80%
If you've shorted China, and in particular Chinese real estate in the past 5 years, you've done quite well.
@@adamc2320 did he … did you?
bunch of nonsense ... who build more infrastructure vs building more military base... who has the biggest defence industry... who is putting military around the world ... US is economically challenging and spend so little to address the fundament problem while keep caring for other peoples problem... that says it all
Hmm...he wants us to go to war for his greed values ? :) interesting.
at the end of the day..everyone on CNBC talks their book..
Yes, but did you want them to do the thinking for you as well?
Same thing happened back in the 1989s. US Corporations ran to China for cheap labor only to later find out they also transfered a wealth of tech and info to China where thy dont have the same protections as in the US.
But greed wears blinders and expects someone else will fix the disasters of only following the profit.
We moved low tech to China. We innovate, and they cannot, other than vaping was invented in China, so in five years, what they stole is not relevant.
@@elmastro-ye9lw You should bother to understand what China makes. The high tech equipment is all imported to make high tech parts. China has the capacity itself to produce nothing.
Its not wall street, its all of us, including me
How many times do you have to hear Kyle Bass' poorly researched BS to realize he was once very lucky, and that ran out 13 years ago? He makes claims without doing real work.
They didn't like when he said Trump would not have been President...
few in the capitol nor any presidential candidate understand this.
He lost his shirt for his bet
Raise each other up in hypocrisy!!!!
Is Joe the only one with a backbone on the set? Has Ticktok and social media made everyone weak?
Our banking system benefitedto the tune of 2.3 TRILLION. That is 10% on the 29 TRILLION IN INTERST FREE MONEY FROM THE FEDERAL RESERVE. (10% plus equity is what buffett got from our friends at golman sacks. )
Tictok is no more
Great guest!
Kyle just schooled the Jim Cramer club for stock pumpers at CNBC.
Crammer cultist wont listen. They are as back as Cult musk.
1 hour a week....
Love Kyle Bass.
THANK GOD!
Kyle, how much money have you lost by shorting China or HK?
Finally! Someone with common sense.
Agreed 👍🏻
Absolutely
Yeah, I thought about opening my own farm, but its a long and complicated process. Im just investing in Cannafarm ltd farms and earning every day
Can we stop talking about China all day ?!
FTC = Force Ten from China
overall lose-lose
For China the answer is simple. the market has determined that certain companies are incompetently run let these burn including their directors and key execs but safeguard its clients or real estate buyers who needs housing. Its a lesson for its investors as well but the same selectively help investors but not those large entities that should know better that way you get more competent;ly run entities. In market failures the gov has to intervene.
❤❤❤
I would argue that improved relations and closer business ties to China enhances national security. I would also say that electric vehicles are coming because they are better, safer, and their prices are competitive with gas vehicles. Soon EV's will also be cheaper than gas vehicles. It isn't some horrid communist plot. It is advancements in technology. China is our neighbor and our trading partner. Each nation depends upon the other, so anything that hurts one country also hurts the other. The Cold War is over. This is a new world.
Kyle Bass is easily the smartest guy on Wall St.
NO, Bass has also had some major losses. In 2011, he lost $1 billion betting against the Japanese yen. He has also made losses betting against the Greek government and the Chinese stock market.
Kyle Bass is based in Dallas not NYC
All of us have lost money on the wrong call over the years, and one need not be physically in NY to be on Wall St.
@@gmundenat nah, bass is an idiot, he has lost big on multiple occasions and will do so again. He does not have a clue about macro investing, yet CNBC treats him like an expert
Bass’s ranking on investment returns are at the bottom 2%. How is that smartest on Wall Street?!!!
BS
This know nothing about china
You know nothing about Engrish,.. do you Wong?
me no likey CCP bots.
China and India have at least 3 times the population if the US. That means they have 3 times the consumers. Only way we can compete in a way that is economically beneficial to all Americans is higher wages which means more consumption. Just giving all the money to the top 0.5% in America isnt going to help the US. It will help the 0.5%, but not America.
nah, you are competing it with propoganda and sanction lol
Kyle looks for solutions in escalating
He looks to call out the facts
He has a long pointy nose
I love china
The China haters convention, Kyle Bass is your guy I guess. Good luck with his total lack of rational.
It's rationale not rational.
China apparently has jobs available, Friends who seem willing to sell them resources, and they have been creating a Transportation system to unite all of that.
The US appears to be reduced to exploiting friends who do seem to understand that the US could not create a Marshall Plan today if they desired that type of assistance to help the Planet.
The US appears to have created the greatest exploitation Empire on this planet, and become too greedy to actually enjoy that fact.
Taiwanese will vote to join China.
Bass with fins have more IQs than this 2 legged bass.
lol I see plenty of adults watching tiktok. Kyle Bass....what about freedom of speech ?? I see you are not a proponent of it.
Kyle Bass has horse sense. People like him should be running for president.
I believe Donald J Trump has four cents maybe you should take Kyle boss is VP
you mean horse crap
No, I meant horse sense. If you like horse crap you can eat it. Enjoy!@@averon76
Ok you meant horse manure from bass...many of his followers been stepping on it for years from his ill financial sense. @@martinlaursen7972
@@martinlaursen7972 yeah he reminds me of Peter Navarro aka Ron Vara heeee heeeee hhheeeeee
This guy wants WW3 or a massive recession lol,
Im amazed that cnbc allows Kyle Bass prime time …well done!
so america supply weapons to taiwan, would you allow china to supply weapons to cuba?
Commentary from Kyle Bass makes him and CNBC seem like war mongers. The conversation did not seem constructive at all.
Hearing the truth is always painful comrade.
@@royprovins7037 oh yes ...moron, too bad that Bass has also had some major losses. In 2011, he lost $1 billion betting against the Japanese yen. He has also made losses betting against the Greek government and the Chinese stock market.
And Kieran is a joy to watch too!
it insane that people think like Kyle Bass. tell me you want socialism without telling me you want socialism