Wednesday, December 15, 2010

MISH: Chanos on China Bubble

China seems to be all anyone can talk about these days, is its centrally planned economy the wave of the future as some would like you to believe? My answer is no, the Soviet Union demonstrated that while a centrally planned economy can survive for a long time, it will never allocate resources correctly. Jim Chanos appeared on CNBC with a stunning outlook on China.