Famed short-seller James Chanos, president of Kynikos Associates, shares his market insight.
Airtime: Thurs. Feb. 4 2010 | 7:05 AM ET
Part 2
Airtime: Thurs. Feb. 4 2010 | 7:35 AM ET
Part 3
Airtime: Thurs. Feb. 4 2010 | 8:20 AM ET
Part 4
"The trick is to stop thinking of it as "your" money." —IRS auditor
Adding some more information to the inflation/deflation debate, The CRB Raw Industrials index is just 3% from an all time record high. The index includes copper scrap, lead scrap, steel scrap, tin, zinc, burlap, cotton, print cloth, wool tops, hides, hogs, lard, steers, tallow, butter, soybean oil, corn, wheat, and sugar. The Journal of Commerce Index of 18 industrial materials is just shy of its highest level since mid May and 15% from its record high and the CRB index is at a one month high, 7% from the highest level since Oct '08 but remains 42% off its record...
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February 4th, 2010 at 10:21 am
check out the acknowledgement at the final few seconds of this clip where they acknowledge “we are blatent cheerleaders for wall street.”
February 4th, 2010 at 10:31 am
[...] Be sure to check out Jim Chanos in the Video page [...]
February 4th, 2010 at 1:27 pm
Why do these talking pinheads have to constantly interrupt this guy? They rarely let him finish expressing his thought process when answering their questions???
February 4th, 2010 at 3:35 pm
It’s amazing. Whenever anyone mentions regulations, the cnbc guys immediately jump on it, saying that government will always screw up when meddling in the economy. Yet these boneheads display not the slightest bit of skepticism to the idea that the Chinese government can expertly guide this immense economy through an unprecedented expansion.
February 4th, 2010 at 8:01 pm
The bit at the end, not so subtly making fun of the way he looks was disgusting! Whoever is responsible for that needs to join the ranks of the unemployed dated this a.m.
SS
February 4th, 2010 at 10:32 pm
SS,
That is a tell that an ideological hack is producing Squak Box (another Roger Ailes wannabe). Unfortunately US business news seems to be polluted with such characters. It’s funny how a billionaire liberal scrambles their instincts. They want to worship because he is rich so he must be a good guy, but he votes Democrat so he must be bad. It’s like watching a Dog deal with two bones. Warren Buffet produces a similar effect.
Chanos’ point about China is strong. But I really do hope it does not come to pass. If it does pop I worry about a collapse in world demand. It could be very unsettling.
February 5th, 2010 at 4:55 am
[...] [Hat tip: The Big Picture] [...]