Chanos: China Bubble Ready to Burst
James Chanos continues to sound alarm. on real estate bubble in China… results could be unprecedented. Worse than Dubai.
Copyright MSNBC 2010
hedge funds Chanos China bubble burst Obama banking regulations taxes GM TARP Dubai real estate commerical residential fixed assets GDP economic collapse commodities dollar Squawk Box
Duration : 0:9:1
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Tags: assets, banking, bubble, burst, Chanos, China, collapse, commerical, commodities, dollar, Dubai, economic, Estate, fixed, funds, GDP, GM, hedge, James, Obama, ready, Real, regulations, residential, TARP, taxes, to
January 26th, 2010 at 8:06 pm
Haha, you’re …
Haha, you’re welcome. Who knows, I may eat my own words, but I just can’t help but feel they’re in as much trouble as us. We’re all slaves to the credit machine. And when unelected people get together behind closed doors, I don’t care how big of a population a country has, or how much “value” they say they produce. These guys with their crazy financial instruments they just pull out of hats can tank any economy. I’d like to know how their derivitive market is looking. That’s where it’ll be.
January 26th, 2010 at 8:06 pm
thanks for all your …
thanks for all your comments bweazel
January 26th, 2010 at 8:06 pm
And also, China has …
And also, China has pegged their currency to ours. Do you realize what that means? It means the Yuan is a less valuable dollar with a different name. Period.
Their central bank mirrors every move our central bank does. They may unpeg, but I’m calling their bluff. They can’t. They’re just as broke as the US. They wasted tax payer money on government speculation, just like the US.
Don’t talk about things you don’t understand. Just listen until you’re ready. Or ask questions. Just a thought
January 26th, 2010 at 8:06 pm
Are you kidding me, …
Are you kidding me, man? You obviously do not understand anything you are discussing. America’s free trade agreements HELP the partnering countries, at the expense of American suppliers and the labor force. They give you jobs when you otherwise wouldn’t have one, they raise your exports, which increases your buying power in things priced in dollars. So really, if you’re not American, you should be cheering the trade agreements, but you obviously have no idea of what you’re talking about. Oh well
January 26th, 2010 at 8:06 pm
Not yet, but close. …
Not yet, but close. We might as well have passed it in the trading sense, since you don’t buy at the top. That’s how the market works, you talk a stock up, until the small buyers abd governments push the cost up, then the hedge funds dip out. It’s all math and equations. These people (international hedge funds) control the entire worlds markets. This is not rubbish, it’s ebb and flow. This is the only way to sustain debt based economies. Credit into one, while the other suffers, then switch.
January 26th, 2010 at 8:06 pm
Are you joking? …
Are you joking? They are already done. Inflation is on the rise and has been for some time, their housing market is about to blow its top, they also have passed their own stimulus packages which were completely wasted like ours. Why do you guys think China is just getting going? Wishful thinking? You just invest there?
January 26th, 2010 at 8:06 pm
@bweazel dud you’re …
@bweazel dud you’re talking about the top of the chinese bubble as if we’ve passed it. you’re talking complete rubbish
January 26th, 2010 at 8:06 pm
@PressForFreedom …
@PressForFreedom yes i agree. it’s all propaganda. china will decline but not yet. they’re just gettin goin
January 26th, 2010 at 8:06 pm
@justjacqueline2004 …
@justjacqueline2004 for making money? nowhere in the long run. all civilisations and economies have a rise and fall. knowing the curve is there doesn’t seem to make us smarter.
January 26th, 2010 at 8:06 pm
@centervilletn you …
@centervilletn you should suffer alone because you been raping the economies of other countries for decades with free trade agreements that aren’t free at all. china is not printing money like it’s monopoly money that also helps
January 26th, 2010 at 8:06 pm
thanks ken
thanks ken
January 26th, 2010 at 8:06 pm
why should we …
why should we suffer alone…misery loves company and miserable company even more…
January 26th, 2010 at 8:06 pm
Not at all. Most of …
Not at all. Most of our average citizens took their bait and got into China at the near top of the Chinese bubble, now this would be them covering their and letting people know to get out now that it’s too late. They can’t get into the American economy either, it’s flirting with 10.5K again.
This is obvious it is Dubia x1000. You don’t just build cities “in hope” of people moving there unless your country has absolutely no other source of GDP growth. T-shirts will only get you so far.
January 26th, 2010 at 8:06 pm
These guys are such …
These guys are such experts on other economies or assessing after the fact.
How bout getting things correct in America first, then maybe they would have a right to comment on how others manage there business.
They chastised Japan on their policy of stimulus then did the same thing.
In China if these criminals tried to do what they do here they would get their nuts cut off.
January 26th, 2010 at 8:06 pm
CNBC is probably …
CNBC is probably the world’s best contrarian indicator.
January 26th, 2010 at 8:06 pm
its called …
its called communism
you people are fools on cnbc
i hope you all rot in for selling out america
my dream is for you all to be jailed
for treason america has become the whore
of rich politicans and there puppet masters
this colapse is planned
great post thanks
January 26th, 2010 at 8:06 pm
Jesus, for guys in …
Jesus, for guys in the know this is a massive amount of miss information
January 26th, 2010 at 8:06 pm
mattress? lol
mattress? lol
January 26th, 2010 at 8:06 pm
Where is safe?
Where is safe?
January 26th, 2010 at 8:06 pm
If they are trying …
If they are trying to scare you out of China, it’s probably the best place to be.
January 26th, 2010 at 8:06 pm
no cause we’re …
no cause we’re still feeling the effects of dubai
January 26th, 2010 at 8:06 pm
dubai X 100 or 1000 …
dubai X 100 or 1000 …..that does not sound good….
January 26th, 2010 at 8:06 pm
China’s bubble …
China’s bubble bursting is delusional wishful thinking by panicky Gringos with emptying pockets.
On the contrary, it is the Americaca Bubble Wrap whose corporate implosion is occurring incrementally, like falling dominoes (=