CHINA IS THE NEXT ENRON (Chanos)

James Chanos of Kynikos Associates says China is the next Enron.  Of course, this would sound ridiculous if Chanos hadn’t been one of the original people to uncover the Enron scandal.  Chanos is a master short seller, accountant and hedge fund manager. He essentially believes the Chinese economy is one big government run ponzi scheme. He thinks it will end very badly:

Source: CNBC

via PRAGMATIC CAPITALISM » » CHANOS: CHINA IS THE NEXT ENRON.

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