Famed short seller Jim Chanos, founder and president of Kynikos Associates, tells Impact Players host Robert Wolf that China is struggling under a massive debt load. Chanos also says explains why he’s shorting the entire personal computer sector. Here is a direct video link.
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The Downside of Debt
http://dailyreckoning.com/the-downside-of-debt/
China’s market was up last night, and is now up 20.4% from its November low, past the 20% level that marks a new bull market.