Wednesday, December 16, 2009

CNBC Video: Noted Hedge Fund Maven Jim Chanos on Autos, Banking, and China

The always interesting hedge fund manager Jim Chanos, of Kynikos Associates, had a 11 minute video interview yesterday on CNBC.  He used my (one) of my favorite sayings, that we've used repeatedly since summer 2007 ... "kick the can" when describing the banking situation.  Frankly, it can be applied to all US policy at this point - it has worked like a charm for Japan for 2 decades, so why not us?

Chanos discusses the banking & auto sectors, and has some dismissive thoughts on the reporting out of China.  Definitely a contrarian position to be betting against commodities (as a proxy against China) right now.

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