Money and Finance
- Jim Chanos On Cnbc
Link to videos: Chanos: China 'great place to be short' Chanos' Best Idea: Why I'm Short Caterpillar Jim Chano's best short idea: CAT & HPQ (fuller version of his talk, starting at 9:45) ...
- Jim Chanos On Short Selling, Hedge Funds, Election (video)
Sept. 25 (Bloomberg) -- Jim Chanos, founder and president of Kynikos Associates Ltd., talks about short-selling opportunities, strategy in technology and banking stocks, and the hedge-fund industry. Chanos, speaking with Betty Liu at the Clinton Global...
- Jim Chanos On Cnbc
Link to videos: Why Chanos Is Short China Chanos Covers Shorts on Health Care Chanos: Banking on Financials Is HFT Just a Better 'Mouse Trap' or Unfair? Chanos Still Waiting to Go Long Europe ...
- China 2012: The Year Of The Bull (rogers) Or The Bear (chanos)? - By Janet Tavakoli
When I think of a China bull and a China bear, I think of the legendary dueling Jims: Jim Rogers and Jim Chanos. In response to investors bearish on China, Jim Rogers famously said: “I find it interesting that people who couldn’t spell China 10 years...
- James Chanos To Present At The 7th Annual New York Value Investing Congress
James S. Chanos, President and Founder of Kynikos Associates - the largest investment firm devoted exclusively to short selling - has agreed to speak at the 7th Annual New York Value Investing Congress. Throughout his career, he has anticipated many corporate...
Money and Finance
Short-seller Chanos: Moody's, S&P wrong on China
(Reuters) - Hedge fund manager James Chanos, who has been a long-time skeptic on the Chinese growth story, is sticking with his gloomy view of ratings agencies Moody's Corp (MCO.N) and Standard and Poor's, saying their rosy outlook on China's debt only bolsters his bearish bet.
The famed short-seller said he's puzzled by the readiness of S&P, a division of McGraw-Hill Companies Inc (MHP.N), to downgrade the sovereign debt of countries like the United States and much of Europe while continuing to give a nod of approval to China and its banks.
"The rating agencies are getting this one really wrong," Chanos, the founder and president of hedge fund Kynikos Associates, told the Reuters 2012 Investment Outlook Summit.
...
"It is already happening," Chanos said, citing what he said is a drop in new apartment sales across the country of about 40 percent year-on-year. "Everybody is admitting transaction volumes have plummeted. This is what we saw in places like Las Vegas and Florida before the crash; transactions just stopped."
"We are short anyone involved in the China real estate boom," he added.
.....
OUTSIDE CHINA
The European banks have not escaped Chanos' glare, either. He has been short a number of European banks since the beginning of the year - before several nations enacted bans on short selling.
"The biggest commercial lenders in Europe are pretty much all in our portfolio," Chanos said, noting his skepticism that austerity measures will solve the debt crisis.
He has a more positive view, however, on the U.S. banking sector.
American banks "are not lending and their cost structures are still too high but that is not a death knell," Chanos said, although he is still noted caution. He is staying away from any U.S. banks with exposure to potentially vast mortgage write-downs. And while Kynikos is long Citigroup (C.N), Chanos emphasized that bet is a hedge against his short position on Chinese and European lenders.
The U.S. housing market isn't the only one that gives Chanos jitters. He recently visited Australia, where he was "stunned" at urban real estate prices. The housing market, in addition to the country's reliance on China to keep its economy afloat, is worrying, he said. Kynikos is short Australian miners.
"Australia has tied itself to the tiger's tail - I don't think that's a great place to be," Chanos said.
"But it is a lovely place to visit," he added. "I might go back for New Year's."
- Jim Chanos On Cnbc
Link to videos: Chanos: China 'great place to be short' Chanos' Best Idea: Why I'm Short Caterpillar Jim Chano's best short idea: CAT & HPQ (fuller version of his talk, starting at 9:45) ...
- Jim Chanos On Short Selling, Hedge Funds, Election (video)
Sept. 25 (Bloomberg) -- Jim Chanos, founder and president of Kynikos Associates Ltd., talks about short-selling opportunities, strategy in technology and banking stocks, and the hedge-fund industry. Chanos, speaking with Betty Liu at the Clinton Global...
- Jim Chanos On Cnbc
Link to videos: Why Chanos Is Short China Chanos Covers Shorts on Health Care Chanos: Banking on Financials Is HFT Just a Better 'Mouse Trap' or Unfair? Chanos Still Waiting to Go Long Europe ...
- China 2012: The Year Of The Bull (rogers) Or The Bear (chanos)? - By Janet Tavakoli
When I think of a China bull and a China bear, I think of the legendary dueling Jims: Jim Rogers and Jim Chanos. In response to investors bearish on China, Jim Rogers famously said: “I find it interesting that people who couldn’t spell China 10 years...
- James Chanos To Present At The 7th Annual New York Value Investing Congress
James S. Chanos, President and Founder of Kynikos Associates - the largest investment firm devoted exclusively to short selling - has agreed to speak at the 7th Annual New York Value Investing Congress. Throughout his career, he has anticipated many corporate...