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Christopher Wood is bearish on Western stocks but still bullish on emerging Asia, especially India and China. He recommends an overweight Asia – Underweight West position for international investors in large part because he believes the inflationary signs in Asia are a sign of renewed strong economic growth there. On the other hand, in his [...]

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Given my post on Jim Rogers’ doubting Chanos’ knowledge about China, I thought it appropriate to post the latest Chanos interview on the China property bubble. 
This call by Chanos is really setting us up for some seriously entrenched camps of pro-China bulls (like Rogers)against China sceptics (like Chanos, but also like Andy Xie). Is [...]

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No he didn’t. 
Jim Rogers, the bow-tie wearing Quantum Fund co-founder and Sino-enthusiast, has recently implied Jim Chanos doesn’t know China from a hole in the ground. Rogers is not happy about the recent bearish pronouncements coming from Enron-slayer and famed short-seller Jim Chanos.  In what looks to be a rumble in the jungle of  [...]

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Below is a Jim Chanos video on China now making the rounds in the financial blogosphere. 
Chanos says that most financial bubbles are the result of excess credit creation and believes that is exactly what we are witnessing in China.  Although Chanos sees serious overcapacity problems in China, he is not calling for a market [...]

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Jim Chanos was on CNBC talking about, amongst other things, China.  And while he is bearish on China, the quote that jumped out at me was the one in the title.
He is bearish on China because of an unprecedented credit-induced bubble in Chinese real estate. He quotes 30 billion sq. ft. of construction underway [...]

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A friend sent me the following presentation earlier in the week when I was feeling a bit ill. So I neglected to post it.  But, I want to return to it because it is in keeping with my recovery/depression theme. These are the issues that were complicit in the latest financial crisis and almost none [...]

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I have really started to dislike municipal bonds as an asset class. They have seen a huge rally along with almost every other financial asset but the underlying fundamentals are weak because of financial distress at states and municipalities.
Last week, I wrote a first piece on this topic, based on some work by Philip Greenspun [...]

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Since I have a ton of links, I am making an extra night time reading version today.  Expect more tomorrow, but posting may be light as I will be away.
American Casino, The Most Dangerous Man in America review : The New Yorker
“American Casino”—a terrific documentary chronicling the subprime-mortgage mess and the financial collapse of the [...]

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Evidence is now surfacing that Timothy Geithner and Gordon Brown were among policymakers warned in April 2007 of an impending financial crisis. Famed fund manager and shortseller Jim Chanos met with the policy makers at the time, along with several other hedgies during the G-8 Summit in Washington, D.C.
Their worry: an impending financial crisis.  Recalling [...]

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Today vs. the 1980-82 Recession – Menzie Chin
“While the job losses, foreclosures, stock declines and other casualties of the current recession have been very painful, substantially more bad economic news is needed to make this recession worse than the downturns of 1980-’82, at least in G.D.P. terms.”

May Sales: How Retailers Fared – Real Time Economics
Staatshilfe [...]