[Video] Kyle Bass of Hayman Capital at Barefoot Economic Summit - Part 1

By Trader Mark

October 7, 2010 12:35 PM EDT

CNBC's Strategy Sessions is down in Texas during the middle of this week, where a host of mover and shakers in the upper fringe of the investment world are being hosted by famous hedge hogger Kyle Bass. It seems like quite an interesting place to be a fly on the wall, and probably he most concentration of wealth in one place in the country - at least this week. Bass is always one I like to keep tabs on for his commentary - there is a 3 part interview with Bass and a fellow attendee (parts 2 and 3 here) but part 1 below is probably most pertinent in terms of macro economic view. I do believe Strategy Sessions will be there today as well, so if there is anything interesting in the commentary I'll post it later in the day.

10 minute video (email readers will need to come to site to view)

Must Read

Sponsorship Link

Like us on Facebook

Aside from stocks, one of Bass' biggest concerns is the Federal Reserve's effort to boost the economy.

"I also think with what we've been hearing from the Fed and what we've started to hear the Fed wants to print another trillion bucks. We have a monetary base of $2 trillion today and we're gonna print another trillion—what if that doesn't work?," Bass said.

"When you start printing money—as such a huge percentage of the monetary base—and the Fed itself has admitted in the last couple days in speeches that they don't know what they're doing. They just hope what they're doing works," he said.

This article is contributed by Fund My Mutual Fund and does not represent the views or opinions of International Business Times.