Chanos on implications of credit market implosion in China

The world’s largest short-seller, James Chanos of Kynikos Associates, weighs in on why he believes investors are “misled by Chinese GDP numbers,” and how he is making money there. Chanos also provides his perspective on the Fed’s asset-buying program, and how thanks to easy money speculation, many US stocks today are now at over-valuation levels seen in the spring of 2000. We should all recall how that euphoria worked out. Here is a direct video link.

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