Kyle Bass: the guy who has been consistently wrong for the last 5 years wants you to believe in his next prediction.
I remember Bass made the most outrageous call couple years ago that HKD would lose its peg against USD. I think he even made some bets against HKD. Lost his shirt.
Now that everyone and their dog are out saying recession will happen in 2020, I don’t think it will happen. The trade has become too crowded. Party on folks.
Trump will not be able to do anything as Nancy+Chuck will not yield that tug-of-war. Trump is done with tax reduction. Only way for Trump to make it happen is regain all two houses again.
FED stopped that is the great change, that may save from disaster.
Trump can build his emergency wall. Good for local economic stimulus. He could also get a highway and infrastructure build program. Probably the only thing the Congress would approve
Even if tariff case, his 10% is 50B (500B import) on companies import from China. He gave tax incentives to local companies appx $250B an year benefit.
But still economy tanks in view of FED action. This is the great change to recover. We need to wait and see.