James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.
Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.
....
"Bubbles are best identified by credit excesses, not valuation excesses," he said in a recent appearance on CNBC. "And there's no bigger credit excess than in China." --
http://finance.yahoo.com/retirement/article/108534/contrarian-investor-sees-economic-crash-in-china?mod=retire-planning
Comment: While I share many investment ideas with Jim Rogers, I think he is wrong about China. As to China, I rather side with Chanos. What kind of scenario could one invision after the fall of China? How would it affect the rest of the world? What will happen to China'a reserves. Will the fall of China bring down the US with it?
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