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Monthly Archives: November 2011
Chanos: “Chinese banks built on quicksand.”
A worthwhile Bloomberg clip today with Jim Chanos, founder of hedge fund Kynikos Associates Ltd. Chinese banks are” extremely fragile” because the lenders do not have enough capital to offset bad loans. Watch the interview here.
Behold liquidation
Over-levered people and institutions are continuing in their predictable dash for cash; prompting mass liquidation across most risk assets including gold, silver and other commodities. What is black and white and red all over? Our highly correlated global risk markets in … Continue reading
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Good evening
Today I went off-line to get caught up on some less public work. I feel remiss now when I don’t blog for a day; so many readers tell me visiting JD has become part of their daily routine. Sorry to miss. Cory posted some excellent updates … Continue reading
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