What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.
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.
- 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… - 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…
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…
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…
I've seen a lot more go to zero than infinity. - James Chanos
I've seen a lot more go to zero than infinity.
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…
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…
Login to join the discussion
Login to join the discussion