Kyle Bass Takes on the Debt, the Fed, and War My summary: In the last 10 years, world-wide debt has grown from 80 trillion to $200 at a rate of 11%, representing the largest peace-time accumulation of debt in the world history. War is economic entropy (debt over 340% of global GDP) taken to its logical conclusion. Bass suspects major war (parties to be determined), is on the horizon, likely in the “next few years.” Debt is growing faster than GDP = unsustainable. Don’t fall prey to “anchoring bias” or “optimism bias.” Historically, debt accumulation of about 250% precedes...









