Gary Shilling on China

Gary Shilling on China

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Gary Shilling was on Bloomberg TV this morning to discuss his views on China.  Mr. Shilling has a long track record of being a successful contrarian (correctly predicting the recession of 1973, the end of rampant US inflation in the late 1970’s and Japan’s economic collapse in 1988). He has recently joined the China bubble bandwagon, along with Jim Chanos (a highly regarded hedge fund manager who was famously one of the first investors to bet against Enron — Chanos’s hedge fund is named Kynikos ,which is the Greek word for cynic).   Chanos taped a segment with Charlie Rose to discuss his China thesis which aired yesterday.  We will post a link to that interview once it becomes available.  For now, the Shilling clip is worth a view.

We agree with the Shilling/Chanos thesis that China is in the midst of an economic bubble.   As a result, we are limiting exposure to investments in Chinese stocks.

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