Chanos, Roach Discuss Outlook for China’s Economy

By Edward Harrison On May 5, 2010

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.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills 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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9 Comments

dansecrest says 14 years ago

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…
Bob_in_MA says 14 years ago

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.

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