Jim Chanos gave a devastating presentation on China at Mish Shedlock's Wine Country Conference.Chanos has been bearish on China for quite a while. However, his new presentation is particularly fascinating because it has some pretty graphic cartoons.
"The cartoons/illustrations, gruesome/silly, as they are, are FROM Chinese sources!" said Chanos in an email to Business Insider. "That's why we put them in-so that people know that the media inside China is becoming more skeptical itself."
Chanos has shared this presentation with the WCC and now with us for the benefit of the amazing Les Turner ALS Foundation. Read more about it here.
-The Chinese economic story is riddled with red flags.-
-The country is putting itself at risk by forcing growth.-
-The return on investments is starting to fall, which is a bad sign.-
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Reported by Business Insider 5 hours ago.