STEPHANIE RUHLE, BLOOMBERG: Jim, we will get to talk about China, but you just left the stage. You have been followed out here by attendees talking about your big idea, Petrobras (NYSE:PZE). Talk to us.
JIM CHANOS, FOUNDER, KYNIKOS ASSOCIATES: Well, I guess we’re going to talk about one emerging market situation first. I gave a presentation inside to the Robin Hood folks on an idea we’ve been involved with on and off for the last couple years, but it was timely because of the upcoming election. This Sunday the presidential election in Brazil is occurring, and Brazilian stocks have basically been – been ping pong balls moving every which way based on where people think the presidential election will fall out. Continue Reading »