Jim Chanos Joins The Land Of The Sane - China's Bubble

Still today most people are talking about a real estate bubble in China. China's bubble is NOT a real estate bubble. It is a depressionary capital bubble. We have been writing of the coming collapse in China for five years. And, have probably written more than any other media source on earth. I could have told you ten years ago that China was going to have a bubble were I blogging at that time. The China bubble is enormous and has been building for a long time. Everyone was duped. Almost every bear including Jim Rogers and Peter Schiff and, of course, every bull including countless mega companies who are now exposed to tremendous risks with their investments in China. That includes the banksters. Rogers is still in his own bubble and his ego won't allow him to acknowledge the crisis as quoted in the link below. We noted a few years ago that Rogers seemed the fool for moving to China at the peak of the biggest bubble in history. He has too much invested emotionally for his ego to allow him to admit he was completely wrong at the exact wrong time in history.

There is only doom in China's future. Once again, the U.S. will emerge from this crisis more dominant than at any time in our life. It's just a matter of when our leaders wake up and provide the right policy to create that recovery.

Link here.