The coming real estate bubble IN CHINA - James Chanos on Charlie Rose now

[Bozita]

History repeating itself. Again.

Tonight on Charlie Rose:

April 12, 2010

Tonight James Chanos, President, Kynikos Associates. He is the man who predicted the Enron downfall and now predicting a housing bubble in China. And then Stephen Green, Group Chairman of HSBC. His book is called, “Good Value: Reflections on Money, Morality, and an Uncertain World.”


Be sure to check with your local PBS affiliate to see when Charlie Rose airs in your city.
www.charlierose.com

[Prometheus Bound]

1. He's a bit late with his prediction.

It's not a coming bubble. It's a present bubble.

[Zynx]

2. I think he means that it is the coming collapse of the bubble.

[Zynx]

3. The good news is that due to China's protectionist policies our financial institutions have little

exposure. It would also take a truly epic drop in our exports to China to materially impact our economy. The same factors that relatively insulated China from our collapse will work in reverse in our favor.

[Skink]

4. He summed up our financial crisis pretty well.

I'm reading the Big Short and I am at the point where the big banks start co opting the little guys and start buyiing credit default swaps or shorts. Meaning that Goldman and the likes new there was a taxpayer bailout just waiting.