#excesses

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China. ↗

— James Chanos

#bigger #bubbles #china #credit #excess

Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, 'yes, yes, there are some excesses, but the government will figure out a way.' ↗

— James Chanos

#australia #china #clearly #clients #complacency