Jim Chanos
Jim Chanos Jim Chanos is the founder and president of Kynikos Associates a hedge fund focused on short selling. Short selling is a bet that a stocks will fall in value, versus the traditional long position, which is a bet that the stock will rise. A short seller borrows stock, sells it in the market and try to buy it back later a cheaper price, pocketing the difference.
Chanos was early shorting famous blow-ups like Baldwin-United, Drexel Burnham and Enron.
Chanos was early shorting famous blow-ups like Baldwin-United, Drexel Burnham and Enron.
Morgan Stanley's (MS) Roach Says IMF Using Water Pistol on Forest Fire, Calls Out Chanos on China
Morgan Stanley (NYSE: MS) Asia non-Executive chairman Stephen Roach recently spoke on Bloomberg TV about the rumored European proposal to channel central bank loans through the International Monetary Fund. The exec also commented on Chinese banks and the U.S.
The following are some of the highlights from his interview:
He says using a bazooka to put a floor on markets is good in theory, but Europe isn't using a bazooka.
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