Kyle Bass: Investing In Short Term Credit, With Small Equity Bets

Kyle Bass, of Hayman Capital Management, is on CNBC and he continues to be bearish on the public debt markets, saying that rising interest rates will severely hurt the government's ability to pay back its debt, and the interest on this debt. He is saying that 2011 is going to be another very interesting year for the credit markets. Here is the

that CNBC is discussing, that Bass wrote about the global credit markets. Bass continues to be bearish on Japan, saying that Japan is the next country to blow up because of heavy debt loads. Bass said that he was investing In short term credit, as well as placing small equity bets.