Jim Chanos, the founder of hedge fund Kynikos Associates, offers some macro perspectives in an interview with Bloomberg. Chanos says we’ve kicked the can in Europe and provided nothing more than a short-term fix. Chanos thinks the crisis will flare up again in the coming months.
His most famous global bearish position is China and Chanos is growing increasingly bearish. He says the Chinese property prices are set to continue declining and that this could result in increased banking woes. He says the market is currently bifurcated and probably becoming excessively bullish about the soft landing and the ability of the global governments to fix all of these structural problems.
Watch the full interview here: