Kyle Bass Reveals The New Country He's Super-Bearish On

Kyle Bass spoke to the Value Investing Congress this morning, and according to Market Folly gave a gloomy talk about sovereign debt. He thinks Ireland is going to default, and as he’s reiterated many, many times, he’s convinced Japan is toast.

Meanwhile, he’s shifting his focus to a new target: Australia, where he thinks the a housing crisis is definitely on its way.

Why Australia?

Click here for a guide to that country’s bubble >

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