Chanos, Roach Discuss Outlook for China’s Economy


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.

This is a great interview from Bloomberg, yet again. You don’t get this on bubblevision, folks.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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2 Comments

  1. avatar dansecrest says:

    That was excellent. Thank you!

    Even though I’m an MMT adherent, I favor Chanos in this debate. No way the Chinese dictatorship can embrace capitalism as they have, yet maintain the ability to guide the economy through the global downturn…

  2. avatar Bob_in_MA says:

    Jeez, Chanos kicked his ass. The China bull case is summed up as a complete faith in China’s central planners to rebalance the economy.

    In hindsight, their argument is going to look absurd.