Jim Chanos was on CNBC this morning. He had some interesting words to say especially in regards to China. Chanos who has stated that China is in a huge bubble, actually compared the company to Enron today.
He’s still describing the Chinese economy as a “treadmill to hell” because the country has to keep building like crazy just to keep the GDP numbers up.
Chanos stated he is still “absolutely short China”.
I tend to agree that China has a massive real estate bubble, based on a lot of that data I have seen over the past two years.