J Kyle Bass
November 13, 2014
J Kyle Bass @ Hayman Capital Management, L.P.
Managing Partner & Founder, Hayman Capital Management L.P.

Macro Volatility, The Fed & Hayman’s Thoughts on GM

I sat down to speak with CNBC’s David Faber during Hayman's annual Barefoot Economic Summit 2 weeks ago.  Among a number of topics, I shared with David Hayman’s expectations of significant volatility in foreign exchange markets as a result of changes in global monetary policy..
 
David also touches upon Hayman's long position in $GM, initially shared to Harvest here  http://hvst.co/1A5MNua .  While the recall was an unforeseen “disaster,” fundamentally and operationally our initial thesis holds true.  GM is currently trading at a near 20% FCF yield, and with the negative catalysts largely behind the company, we continue to hold the stock.
 
Below is the CNBC link to three clips from my interview with David Faber:
 
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