Friday, October 28, 2011

Jim Chanos on Bloomberg (10.28.2011)

Chanos remains skeptical about the situation in Europe. The current European solution is a "band-aid at best." He is still a huge China bear saying that the country remains on a treadmill to hell except they are going even faster. He doesn't believe the numbers coming out of Chinese banks. Moreover, real estate transactions are down 40-60% YoY.

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