“The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan’s near-term outlook (‘the next 18 months in Japan will redefine the economic orthodoxy of the West’), and most importantly since, as he notes, ‘we are investing in things that are propped up and somewhat made up,’ the psychology of negative outcomes. The latter, Bass explains, is one of the most frequently discussed topics at his firm, as he points out that ‘denial’ is extremely popular in the financial markets.”
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