Tuesday, May 24, 2011

Chanos Warns on Chinese Real Estate (Again)

The research people who work for famed short-seller Jim Chanos are back from China, and he is more bearish than ever. He reports that his research people are finding cracks in the facade of buildings that are only two years old.

1 comment:

  1. Bob, what is your position on the yuan? Do you buy Chanos' claim that a depeg would lead to yuan depreciation against the dollar? I personally think that's ridiculous...