In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office b… - James Chanos
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office b…
- James Chanos
Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China. - James Chanos
Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.
I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that… - James Chanos
I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that…
I used to think that good short-sellers could be trained like long-focused value investors because it should be the same skill set; you’re tearing in… - James Chanos
I used to think that good short-sellers could be trained like long-focused value investors because it should be the same skill set; you’re tearing in…
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to ra… - James Chanos
Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to ra…
I've seen a lot more go to zero than infinity. - James Chanos
I've seen a lot more go to zero than infinity.
People who lose money always need someone to blame. - James Chanos
People who lose money always need someone to blame.
The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos t… - James Chanos
The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos t…
What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are comp… - James Chanos
What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are comp…
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