“We are short entities that are selling into China”

The man who made his name and fortune shorting Enron talks on China’s property bubble.

BI: So when do you see the bubble bursting for China?

JC: Well, always with these things, we’re often early and it appears we’re early here too. But the good news  for office building bubbles is that they’re pretty tangible. So when you see the apartments stop selling, when you stop seeing foundations being laid, and holes in the ground, when you see the cranes not going up anymore, buildings being half-complete – that’ll tell you you’re at the end.

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Connected post

https://atans1.wordpress.com/2010/02/08/tlcs-in-china-groupthink-or-mastermind-at-work/

https://atans1.wordpress.com/2010/03/12/understanding-the-mentality-of-china-bulls/

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