Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero.

"We're the only country that has an integer in front of our bond yields. We have 90% of the world's investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here," Bass, founder and chief investment officer at Hayman Capital Management, told CNBC. 

Several central banks around the world have implemented stimulative policies to the point where around $15 trillion of global debt trades with a negative rate. 

China has also implemented stimulative measures to mitigate slowing economic growth.

“This is insane. The Japanese are going to keep going. The Chinese print money like it’s a national pastime today. Europe is going to restart QE,” Bass said.

Bass noted U.S. rates will fall to zero as politicians disregard budget deficits while economic activity in Europe and China slows. 

“The unintended consequences of central bank printing are that it makes the rich even richer, it makes the middle class stay where they are and it makes the poor stay poor,” Bass said.