“Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.” BiggerChinaCreditExcessBubblesValuation Author:James Chanos
“The interesting thing about the China story, getting back to the macro and micro, and as dire as I think the macro story is - due to bad credit and credit extension that makes Greece and Spain and the U.S. look like child's play - when you get to the micro of individual companies, they look even worse.” ThinkingLooksChildrenPlayStoriesIndividualInterestingCompanyChinaCreditDuesExtensionsSpainGreeceInteresting ThingsMacro Author:James Chanos
“What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.” PeopleTwoStatesLastsRealizingOrganizationChinaCreditOver ItBubblesLoanQuestionable Author:James Chanos
