David vs Goliath: Jim Chanos’ Media Blitz Against the Chinese Government
All investment managers use the media to talk their book. With that caveat aside, Jim Chanos has been ubiquitous over the past several weeks. He’s going to need much more help if he plans to defeat the Chinese government’s media machine.
Apparently, Chanos is beating his drum that China’s real estate market is in a bubble. Fair enough. Even China bull Jim Rogers agrees. However, there is something comical about one man pushing this hard to pop a bubble which is being controlled by the powerhouse Chinese Government.
In case you have been living in a cave which does not have access to the financial media, here is a summary of Chanos’ mantra from his recent appearance on Fox Business:
“China is in the midst of a world class property boom. It is leading to the economic growth we are seeing. Almost half of their GDP is coming from that.”
There you have it. If you agree, start throwing darts at the China bubble.