Wednesday 10 July 2013

Jim Chanos Interview

As expected, not much changed in this interview from Jim Chanos. China keeps bubbling away and is actually getting worse...

There are some very entertaining articles about whether to invest in Banks or Miners in the media. Is Australia so narrow minded that this is all the choice we have?

The situation in China is deteriorating. When the mainstream media are starting to talk about the problems, you know it is coming to an end.  I think it is wise to avoid owning any more than a small percentage of your wealth in assets that are based on the continued boom in China and Australia's unprecedented prosperity.

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