Jim Chanos stated recently that he thought China was Dubai times 1,000. Many people have argued whether he is right or wrong since his comment. I noticed that the arguments on both sides seemed to have more of personal bias and do not provide statistics to support their argument. I thought the best way to see if Chanos is right is to examine his argument in a rational way and look at some numbers and compare them with the United States at the peak of its housing bubble.
I originally planned on writing this article with extensive data on housing metrics, loan metrics and other numbers to judge the validity of the argument. I wanted to compare China’s numbers with the numbers the United States had at the peak of the housing bubble,
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