Category: Currency Currents
- Published: 14 April 2010
- Written by Editor
I want to know only one thing: Are Bush, Paulson, and Snow long or short?
We noticed the comment from Jim Chanos, he of hedge fund fame and loudest bear on China. He told Bloomberg that China was on a “treadmill to hell.” I would add, if China becomes the hegemony power we are all on a treadmill to hell, but I digress. Mr. Chanos point was that China had to keep feeding the real estate monster large chunks of credit to keep the music of growth playing; otherwise there could be a major GDP disappointment. Mr. Market sure wouldn’t want that now, would he!