James Chanos, the President and Founder of Kynikos Associates, is a value oriented hedge fund that focuses on short selling. He built one of the largest fortunes on Wall Street by predicting the collapse of Enron and other companies who prices overextended themselves. Victims or should we say his medals include Tyco International, the Boston Market restaurant chain and, more recently, home builders and some of the world’s biggest banks. He has about $6 billion of asset under management.
Recently Chanos made a bold call on shorting China. While other people are betting that China is going to lift the world’s economy out of recession, Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom. He declares that China’s real estate is“Dubai times 1,000 — or worse”. In a recent appearance on CNBC, he claimed “Bubbles are best identified by credit excesses, not valuation excesses, and there’s no bigger credit excess than in China.”
On February 4, 2010, Columbia Business School invited Jim Chanos to give a lecture as part of their The Silfen Leadership Series. Chanos’s extended and expanded his bearish view on China.
Click here to view the lecture titled The China Syndrome.
Recently Chanos made a bold call on shorting China. While other people are betting that China is going to lift the world’s economy out of recession, Chanos is warning that China’s hyperstimulated economy is headed for a crash, rather than the sustained boom. He declares that China’s real estate is“Dubai times 1,000 — or worse”. In a recent appearance on CNBC, he claimed “Bubbles are best identified by credit excesses, not valuation excesses, and there’s no bigger credit excess than in China.”
On February 4, 2010, Columbia Business School invited Jim Chanos to give a lecture as part of their The Silfen Leadership Series. Chanos’s extended and expanded his bearish view on China.
Click here to view the lecture titled The China Syndrome.
