Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Tuesday, November 15, 2011
How bad off is China?
Jim Chanos, my favorite investor, spoke of a statistic I cannot correlate.
He stated that if you look at the "implicit" debt obligation is 200% of China's GDP.
Notice Chanos did not provide the same analogy for the US.
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