In the last three minutes of the Kyle Bass interview , conducted just prior to the Oct 2014
termimation of QE3 , he throws out what would have been a hugely successful trade; the end of the USD carry trade and the continuance of the Yen carry trade.
Liquidity concerns , and, vol of vol concerns seem very relevant today as well. That was a fine
learning experience to listen to how these guys think. Thanks for posting it.