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”.
At this year's annual Robin Hood conference, which was held virtually, the founder of the world's largest hedge fund, Ray Dalio, talked about asset bubbles and how investors could detect as well as deal with bubbles in the marketplace. Q1 2021 hedge fund letters, conferences and more Dalio believes that by studying past market cycles Read More
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.