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.
Danielle was a guest this morning on the Korelin Economics Report daily insights radio show with host Al Korelin and co-host Jeff Deist. Here is direct link to the audio clip.
Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt.
Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.
“We didn’t follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery.”
Remember the four steps to turning bad fortunes around: Admit, repent, reform, recover.
Here is a direct link.
