Jim Chanos: China Debt is Worse than Europe Debt

http://etf-investment-ideas.blogspot.com/2011/09/jim-chanos-china-debt-worse-...
Bloomberg Interviews Jim Chanos on the 20th of September 2011 at Clinton Global Initiative Annual Meeting.

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[Nueroactive]

Jimmy, Jimmy, Jimmy, you got punched in the face by "Mr Incredible" knocked through a few walls? What do you think the chinese seamstress with a male's voice was really doing with the cyber suits? Reeks of invasions in the country doesn't it.

[TheGoat1954]

I betcha Bill pinched that ass .

[cnxtrans]

@DeporteeTV You may be right for government debt, but localities debt is staggering. Check Mish Shedlock blog (China Instructs Banks to Roll Over $1.7 Trillion in Debt to Avoid Mass Default) for details.

[DeporteeTV]

This man does not know what he is talking about, china is one of the only countries that have their debt under control. The reason they haven't got money is because all these other countries can't pay china due to their own financial problems. The news is twisted, check the trades

[DontTreadOnMe213]

@energyalt56 Being export based is worse than a consumption based market. If demand tumbles, China is the first who will take a hit. This Macro-Economics 101

[pookatim]

Top marginal tax rates were 90% alright, but no one actually paid that rate. The tax rate came down and the loopholes were closed. So the net return remained constant. This is an expert?

[TheDualEconomist]

@energyalt56 There have been two countries with major trade surpluses. America and Japan. Both had catastrophic collapses when they were at their prime.And, even to a lesser exent, the smaller Asian countries, which also collapsed.

Meanwhile, China has a drastically dwindling population at a time when they are becoming more and more reliant on cheap labour. In order to maintain growth, they'd have to transition to a m ore adanced economy. They aren't doing it. That's really going bite past 2013

[TheDualEconomist]

@mrzack888 Are you serious?

[TheDualEconomist]

@fightfeces First it was 2000, then to compete with Egypt it was 3000, then it was 5000, now its 6000? Too bad no outside non-Chinese sources correlate that.

Either way, America has history through Europe so moot point. Besides, Africa is the oldest civilization and it is shit. So is China and India. Seems to me new countries are more successful. So, maybe, China needs to evolve?

[blueice990]

he's a short seller, hes banking on the tanking of markets.