#eve

Fix your eyes on perfection and you make almost everything speed towards it. ↗

— William Ellery Channing

#everything #eyes #fix #make #perfection

The mind, in proportion as it is cut off from free communication with nature, with revelation, with God, with itself, loses its life, just as the body droops when debarred from the air and the cheering light from heaven. ↗

— William Ellery Channing

#air #body #cheering #communication #cut

Do anything rather than give yourself to reverie. ↗

— William Ellery Channing

#give #rather #reverie #than #yourself

Nothing which has entered into our experience is ever lost. ↗

— William Ellery Channing

#ever #experience #into #lost #nothing

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling. ↗

— James Chanos

#because #buy #does #everyone #exposure

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗

— James Chanos

#bond #china #developers #estate #financing

There's almost 70 billion in square feet under construction in high rises in commercial, residential and light manufacturing. And we estimate about 30 billion square feet, and that's with a 'B,' is commercial, that we would just consider office space. To put that in perspective, that's a 5x5-foot cubicle for every man, woman and child in China. ↗

— James Chanos

#almost #billion #child #china #commercial

What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are competent, and where we know that the game is not rigged. ↗

— James Chanos

#american people #clearly #competent #elucidated #fair

What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations. ↗

— James Chanos

#bailed #banks #bonds #bubbles #china

While short sellers probably will never be popular on Wall Street, they often are the ones wearing the white hats when it comes to looking for and identifying the bad guys! ↗

— James Chanos

#bad guys #comes #guys #hats #identifying