KYLE BASS: 'You Have To Be Sh---ing Me' Japan's Adding A Ponzi Scheme To A Ponzi Scheme

Kyle Bass is on his favorite topic here at the Sohn Investment Conference -- Japan. His bottom line is that the country's "shock and awe" monetary policy is going to work, and Japanese leaders are beginning to realize that. "What they're doing represents 70% of what the Fed is doing here with an economy 1/3 the size of ours," said Bass. Ultimately he says, with regards to Abenomics, is that country is a Ponzi on top of a Ponzi. He says the country is on "tilt" and he added "You have to be sh**in...