Jim Chanos: “I might not be bearish enough on China RE

By Barry Ritholtz - May 24th, 2011, 6:24PM

Bloomberg: Hedge-fund manager Jim Chanos said investors concerned that U.S. technology stocks such as LinkedIn Corp. are overvalued should turn their attention to China.

Chanos, the president and founder of Kynikos Associates LP, said his “dramatic” bet against Chinese real estate may not be sufficient. While LinkedIn, the first social-media company to go public in the U.S., traded as high as 31 times sales last week, overvaluation is more widespread in China, he said.

Bloomberg, May 24, 2011

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One Response to “Jim Chanos: “I might not be bearish enough on China RE”

wunsacon Says:
May 24th, 2011 at 7:02 pm
Paraphrasing…

Chanos: I can’t believe that — when Congressional staffers look at how much money these for-profit colleges are costing taxpayers (in terms of student loan defaults) — that they’re not going to consider cutting these subsidies.

Miller: Maybe a lot of them got degrees there.

[rimshot]

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