Kanye West: Yeah, I Was Pissed at Kylie Over PUMA

Kanye West acknowledged Kylie Jenner blindsided him by secretly signing with PUMA and he WAS pissed off ... and he says PUMA's competition, Adidas, saved him.

Our photog asked Kanye a slew of questions Wednesday at LAX, and Kanye's choice of words is interesting ... "It's possible to go under and still make it out." Kanye was talking about him sinking $53 million into his fashion biz, and getting no bites from investors.

Kanye has lots of love for Adidas ... which sounds like his peace treaty with Kylie could get problematic.