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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Tuesday, December 14, 2010

More Chanos videos

I like Chanos interviews, he shoots straight and is direct about reality.
I posted a video on Friday, and on the same day he gave another interview.

Mish's blog has a nice article on this video Chanos video.

The most staggering thing is China's GDP is comprised of 60% of real estate, which is a HUGE bubble. I have posted videos quite a few times, about China's massive Real Estate problems. Only 5% of China's GDP is exports. That should tell you how precarious China's economy really is. Once that real estate boom busts, which it will, it will get interesting.

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