Chanos Sees `Overheating and Overindulgence' in China
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Uploaded by TheSchiffReport on Jan 26, 2010
more at http://www.jimrogers1.blogspot.com
Chanos Sees `Overheating and Overindulgence' in China
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@AUSM92 So you believe the CCP? Even China's own internal (but non-CCP) auditors say China's debt is atleast 90%. Nomura estimates its between 90% and 150% of GDP. Not only is that worse than Amerca, they do not have the safety nets that America or the West has.
Also, China's unemployment only factors in the residents of a city. MIgrant workers unemployment is close to 25%.
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@stealthpakfa I don't think you really understand who James Chanos is, he's not a random pundit, he's a hedge fund investor. So he can't just be a "broken clock" because then he would be broke. Truth is he makes a bet when he thinks the timing is right, if he's wrong he loses money.
What you mean by him being perma-bear is that he enjoys betting against the wider market rather than betting with it.
Like I said, he puts his money where his mouth is, so he's worth listening to.
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listening with headphones on full volume, cracking sound, FFFFFFFFUUUUUUUU
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Dear God,
Please don't let China beat us economically, for if they have, then everything I have been taught - and everything in which I believe - is a lie and I am just a tool.
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@Blokin Well this isn't just any random "speaker", this is the same person that foresaw the collapse of Enron and Tyco, he's definitely no lightweight and he knows what he's talking about. It doesn't make him infallible ,of course, but still...I wouldn't dismiss anything he's saying.
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This talk does not impress. The first 15 minutes are spend on making sure that the audience knows the speaker doesn't like China. Then he names places like Ordos, that mall etcetera which are mostly empty yes, but given the construction boom in a 1.3 billion people country it can't all be a success. He also speculates that the numbers the Chinese goverment supply are bogus, proof? Government employees in China do get a pension. He does make some valid points but most is pure speculation.
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Remarkably well organized articulate review of what is most likely going on in Chinese economy.
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terrible sound quality!
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does anyone have the slides for this lecture?
turnbull82 1 year ago 15
fact is, by western investment standards, the chinese residential and commercial real estate markets are a DISASTER waiting to happen.
GovWillKillU 2 years ago 9