This morning on Bloomberg I caught an interesting Jim Chanos interview – here it is below, along with my notes – in summary, Chanos:
- Views Petrobras and other national energy companies as “giant ATM machines” for their national governments, as well as patronage job locaters.
- Thinks the natural gas revolution in the US is for real – and it’s bad news for US coal producers.
- Is short the PC space – says Dell will likely “look cheap the whole way down” as consumers switch to tablets.
- Still thinks China has a fixed asset and property problem, and says Chinese banks “are built on quicksand.”