Wednesday, November 9, 2011

You can't even spell China!

Jim Chanos has been short on the China story for quite sometime now and he has been lambasted for that view. In this video Chanos speaks of deteriorating conditions in China as I had read sometime ago. He goes on to speak of the 'strength' of China's foreign reserves and how they are not as easily usable as people make them out to be. Assets have corresponding liabilities he says ;)

Another good point he makes is that he himself doesn't need to go to China to understand his judgment and as long as his analysts make their way there it is good enough. He says that until 3 months ago nobody spoke of any 'landing' for the Chinese economy and now people speak of a soft landing.
The rolling stone is gathering snow, dirt, poop and dust. Beware!

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