Bloomberg TV

Stock Market Gambling

Filed in Bloomberg TV, Gold Investing, silver by on June 19, 2010 0 Comments

Recently I’ve been watching Bloomberg TV a bit, mainly because of the extensive oil spill coverage they’ve shown and I’ve been surprised by some of the adverts I’ve seen on their channel

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Chanos: China is "On a Treadmill to Hell"

Filed in Bloomberg TV, Debt, economy, Gold, Gold Market by on April 8, 2010 0 Comments
Chanos: China is "On a Treadmill to Hell"

Here’s the latest word on China from bearish hedge fund manager James Chanos. The guy sure has a way with words…. From Bloomberg by Shiyin Chen entitled: China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says “China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos. The world’s third-biggest economy may need to keep up the pace of property investment because up to 60 percent of its gross domestic product relies on construction, said Chanos. The bubble may begin to “run its course” in late-2010 or 2011, he said in an interview on “The Charlie Rose Show” that will air on PBS and Bloomberg TV. China is “on a treadmill to hell,” said Chanos, who said in January the nation is Dubai times a thousand. “They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing.” Property prices in China rose at the fastest pace in almost two years in February even after officials this year re-imposed a tax on homes sold within five years of their purchase to curb speculation and ordered banks to set aside more funds as reserves to cool lending. The boom in China’s real estate has fueled concern that China may face a collapse seen in Dubai that has hurt the ability of some of its companies to repay debt. Since his January prediction, Chanos, the founder of Kynikos Associates Ltd, has been joined by Gloom, Doom & Boom publisher Marc Faber and Harvard University professor Kenneth Rogoff in warning of a potential crash in China’s property market. Chinese state and local governments are among the most leveraged to property-related borrowings and the nation will “ultimately” have to nationalize a lot of the bad loans that will arise from the end of the bubble, Chanos said.” Hmmm….for some reason this one sounds familiar. “To know the road ahead, ask those coming back”- – Chinese Proverb Related Articles: Rickards: China is “The Greatest Bubble in History” China’s Growing Property Bubble The China Bubble Debate Chanos on China China’s 2012 Crisis To learn more about Wealth Daily click here Advertisement 9.5 Times Better than Gold Learn the secret to a $32 million company with a $727 million gold strike… This small 45-cent gold stock is now positioned to make its first move to $4.59 – a 920% gain! Get all the details on this incredible opportunity in my latest research report here . Chanos: China is “On a Treadmill to Hell” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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GOLD to hit $1300

Filed in Bloomberg TV, China Gold, Commodity warrants, CWA by on December 2, 2009 0 Comments
GOLD to hit $1300

Wednesday – Bloomberg TV ch 650 @ 11.30am watch below Thursday – CNBC TV ch 652 @ 11am (guest host for the hour) The following TV interview is from Bloomberg TV / 2nd Dec 2009 and can be watched below in Media interviews. Global’s  Sees Gold at $1,300 by April 2010 December 2 (Bloomberg) — […]

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