"Riskiest Time"

[10:08]

Kyle Bass of Hayman Capital:

Now is "the riskiest time to be complacent in our generation...Investing with the traditional endowment model...is not going to work much longer...

"The insidious nature of a runaway inflation is it bankrupts the middle class.  So the poor stay poor.  The middle class--people that have had some fiscal rectitude, the doctors, the lawyers, the civil servants that have saved their money and put it in the bank--these are the people that get wiped out, or let's say severely impaired in this situation.  The wealthy that are levered with productive assets actually do the best...

"That's an awful scenario for the world to engage in."