Chanos, Roach Discuss Outlook for China’s Economy
Edward Harrison submits:
Another classic from Bloomberg News. It runs about 22 minutes.
I love Roach’s quip in jest to Chanos: "You ignorant slut." That quip in jest belies the congruence in Roach and Chanos’ views. Roach does say: "I’m not denying there’s not a bubble." He just feels the bubble will not lead to the kinds of issues it has done in the US because he has more faith in the Chinese authorities than the US authorities. Chanos is less sanguine about the Chinese.