...was thought to be on the verge of taking over the world. Today, it's China. (Doesn't it seem like someone is always poised to surpass the U. S.?) In today's New York Times, there's a story about James Chanos, of Kynikos Associates, who thinks China's economy is in a bubble and may be riding for a big fall. He's worth listening to. Chanos has made a ton of money identifying overvalued companies like Enron, Tyco, Boston Market and others. Still, there are a lot of big names in the investing world that remain bullish on China, such as Jim Rogers, Warren Buffett, Wilbur Ross, and Byron Wien.
Stay tuned; this could be better than Alabama-Texas.
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