Jim Chanos ‘China Won’t bailout Europe’

Kynikos Associates founder Jim Chanos was on Squawk Box this morning to tell Europe that they are living in a fantasy world.


Some quotes:

  • 0:43: Chanos points out that people take what his fund is saying too far, they don’t think China is going to collapse.
  • 0:54: “China won’t save anyone but China”
  • 2:08: Jim Chanos addressed the idea that Jim Cramer tweeted out saying Chinese funds may help Europe — the Chinese have funds already, “there’s not  just some free pot of money waiting to be deployed.”
  • 3:25: “The Chinese banking system isn’t read for this (a real estate bubble)… (3:39) it was never properly bailed out in the last 2 crises, just papered over.
  • 4:30: The Chinese banking system should thank Greece and Italy for keeping the attention off of it.


Full video below:

H/T to BusinessInsider

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

Be the first to comment on "Jim Chanos ‘China Won’t bailout Europe’"

Leave a comment