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"The government stepping in to shore up the banks, when two months ago people thought there was...

"The government stepping in to shore up the banks, when two months ago people thought there was nothing wrong with the Chinese banks, should tell you just how seriously this situation is deteriorating,” says Jim Chanos. "The property market is what investors ought to be watching ... (and it's in the) first parts of a very serious pullback."
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Comments (2)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Chanos is probably right over the medium and longer term. Who really knows what direction markets will go the ST, probably nobody as ST traders will continue to dictate daily market moves.
    11 Oct 2011, 11:52 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    When the coach gets a vote of confidence from the owner, you know that coach won't be around for long.
    11 Oct 2011, 11:56 AM Reply Like
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