Predicting the Next Financial Collapse

J. Kyle Bass, a Dallas-based investor, forecasted the mortgage bubble and the European collapse. But what happens if his third prediction comes true?

texasmonthly.com - by Paul McDonnold - May 7, 2013

J. Kyle Bass has a knack for forecasting economic trouble. Back in 2006 the Dallas-based investor observed that there was a seemingly unstoppable market for sub-prime mortgages. But research convinced him the market was wildly overvalued, that it was a quasi-pyramid scheme built on low interest rates, inflated home prices and bundles of shaky loans made to people who couldn’t really afford the payments.

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