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Kyle Bass on debt, Japan, Greece, Iceland and popular economic delusions

"Investors around the world are engaging in acute and severe cognitive dissonance."

Kyle Bass's February investor letter is, as usual, thoughtful and data-intense. It is also uncommonly amusing, thankfully, given the depressing state of the global economy that it so skillfully host informed me of an audit recently done on one of the largest hospitals in Athens. This hospital was hemorrhaging

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