“We’re not bearish enough [on China].” – Jim Chanos
Oh my… China is breaking down. Europe is slipping. And there goes the US too…with stocks down 172 points on the Dow on Friday, closing out a 6th straight week of losses.
Even if the US holds itself together, there’s a good chance that either Europe or China will drag it down.
[Read more...]
The Bigger Debt Problem: China’s Local Government Debt vs. US Subprime Debt
“We’re not bearish enough [on China].” – Jim Chanos
Oh my… China is breaking down. Europe is slipping. And there goes the US too…with stocks down 172 points on the Dow on Friday, closing out a 6th straight week of losses.
Even if the US holds itself together, there’s a good chance that either Europe or China will drag it down.
[Read more...]