Cassandra on China Real Estate Bubble

February 5, 2010 at 11:34 am Leave a comment

Still on Jim Chanos hypothesis of a China Real Estate bubble. He is warning that those who sell to China raw materials for capital investment like real estate should beware of a burst in that bubble.

So the likes of mining giants like Rio Tinto, BHP Billiton, Vale,Alcoa and other minnows like Fortescue,Xstrata will suffer if China buying comes to a standstill.

Cement makers,Steel makers,Glass makers, bulk-carriers shippers, middleman (eg. Olam,Noble,Glencore) and other various players benefitting from the huge investment bubble will face the music one day.

Here’s an Interesting quip from Chanos
“China has embraced capitalism to keep the socialist elites entrenched while, more lately in the west, we’ve embraced socialism to keep the capitalist elites entrenched.”

To see more,goto http://www.roubini.com/emergingmarkets-monitor/258371/chanos_____we___re_not_calling_for_an_impending_crash_of_china___

Entry filed under: Watch your step. Tags: .

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