September 21, 2011 - Quote of the Day

'A year from now the dominoes will be falling in Europe. The world is going to be a more destabilized place'?.The risk free rate isn't risk free any more. We're not growing as we should be because there is a diminishing rate of return for each additional dollar of debt. In a year, we're going to be in recession again,' said Kyle Bass, of the Dallas, Texas based hedge fund, Hayman Capital.

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