Why the Dallas Investor Who Predicted the Housing Market Collapse Says U.S. Could See Recession Next Year

Prominent Dallas investor and hedge fund founder Kyle Bass says the Chinese economy has reached a deficit that could slow its growth and, coupled with tariffs, could drag the U.S. into a mild recession by 2020.Bass is the founder of the Dallas-based hedge fund Hayman Capital Management. The risk-taking, gun-obsessed, gold-hoarding investor known for betting against the U.S. and foreign governments told MarketWatch in an exclusive interview that he doesn't "imagine anything getting done" at this week's G20 summit in Japan.The summit's key moment is expected to be one-on-one meetings between President Donald Trump and Chinese President Xi Jinping as the countries remain locked in a trade war.  Continue reading...

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