Japan and Europe Imminent Default - Kyle Bass Letter to LPs

Kyle Bass has written his latest letter for Hayman Capital Management. It is not good. Read it... This one sentence sets the tone for the poor outlook for the economy of Land of the Rising, er, Setting Sun....Er, Japan.


"... We believe the debts of the following nations, among others, are not sustainable in the current economic environment: Greece, JAPAN, Portugal, France, and, have we mentioned Japan?"


Notice, on page 9, that Japanese government debt is at "229% of GDP."

Click the box circled in red below the letter to view in full screen

Below:

Or click here to go to full screen.
Hayman_Nov2011Thanks to Zerohedge