China’s Ghost Cities (60 Minutes Clip)

Posted by

Chanos and the rest of the China bears have been dead right on the existence and scope of the Chinese “Ghost Cities” – developments that have been built just for the sake of giving people something to earn a living doing and for “growing” the economy.

What they’ve not been great at is the timing of when any of this will matter. Bulls say the cities will eventually be occupied. Bears say this is the equivalent of a massive state-run fraud and will bring down the economy there and abroad.

Here’s the clip they played on CBS’s 60 Minutes last Sunday:

Hat tip Business Insider

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. monkeyslaundry.com.au commented on Sep 27

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  2. immediate edge commented on Sep 28

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  3. https://app-bitcoinloophole.com commented on Oct 04

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  4. Klik disini commented on Oct 27

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  5. cvv fullz commented on Nov 16

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  6. flat chested sex dolls commented on Dec 08

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  7. 4Change Energy commented on Dec 16

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  8. Functional Testing commented on Dec 19

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  9. replica watches commented on Dec 21

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

  10. Replica Watches commented on Jan 14

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2013/03/08/chinas-ghost-cities-60-minutes-clip/ […]

HowIInvestMyMoney