Home Videos Jim Chanos ‘China Won’t bailout Europe’

Jim Chanos ‘China Won’t bailout Europe’

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

Kynikos Associates founder Jim Chanos was on Squawk Box this morning to tell Europe that they are living in a fantasy world.

 

Some quotes:

  • 0:43: Chanos points out that people take what his fund is saying too far, they don’t think China is going to collapse.
  • 0:54: “China won’t save anyone but China”
  • 2:08: Jim Chanos addressed the idea that Jim Cramer tweeted out saying Chinese funds may help Europe — the Chinese have funds already, “there’s not  just some free pot of money waiting to be deployed.”
  • 3:25: “The Chinese banking system isn’t read for this (a real estate bubble)… (3:39) it was never properly bailed out in the last 2 crises, just papered over.
  • 4:30: The Chinese banking system should thank Greece and Italy for keeping the attention off of it.

 

Full video below:

H/T to BusinessInsider

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.