Is the Chinese Bubble going to Burst? (Jim Chanos)
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Jim Chanos is the shit.
Whoever knows about China's inside economic games knows what he's talking about.
They want you to believe certain things, and most of you, potential investors, do. That's how money is made.
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1 year later... yup, they are idiots...
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one idicator of economic slowdown in china is the slowdown in orders in european and american companys. I dont think so that america is out of it if the chinese economic is going to stuck!
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Those talking heads got schooled.
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Will this really affect the west much? I mean the factories and the cheap labor will still be there, but the living standards of the Chinese will be screwed.
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60% of the GDP comes from real estate and construction, while 5% from export is a ruthless, but unmistakably clear massage. Horribly deformed economy China is.
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the dude with the light blue shirt and tie should just shut up and let jim talk. he's making a fool of himself by showing us his below avg intelligence
fp5carbon1 1 year ago 3
Jim Chanos is VERY smart. He was the hedge fund manager who questioned the accounting practices of Enron and shorted them far ahead of anyone else. Mr. Chanos then expressed his concerns re: Enron to Bethany Maclean of Fortune Magazine (author of The Smartest Guys in the Room - which was also made into a motion picture). I don't doubt Mr. Chanos - but timing is everything is the short side of the market.
TansuTansu2 1 year ago 2