Jim Chanos, founder of New York- based hedge fund Kynikos Associates, said New Yorkers don’t appreciate the impact the government bank bailouts have had on other U.S. citizens. “New York is so finance-centric that people here underappreciate the reaction of the rest of the country,” Chanos said today in an interview in New York. “People are angry, they feel the game is rigged, that they didn’t get their fair shake.” Chanos, 53, who was born in Milwaukee, said the “disjointed” nature of the Occupy Wall Street demonstration, which started last month in New York’s financial district and spread to cities such as Washington and Seattle, shouldn’t be underestimated because protests in the sixties started in a similar way. [Bloomberg]
If You're Not Pissing Your Pants In Fear Over China, You're Not Scared Enough: Jim Chanos
You should be on your third or fourth pair of pants right now, according to the short seller.
Jim Chanos Would Short Trump's Infrastructure Plans If He Could
Investors have overplayed their hand on construction and commodity plays.