An article on Jim Chanos's big bearish China bet, a thought he communicated to both POLITICO and CNBC in recent months can be seen on the New York Times. Jim Rogers, obviously a gigantic China bull chipped in his views too, basically just calling Chanos a China neophyte. “I find it interesting that people who couldn’t spell China 10 years ago are now experts on China.” Roger was quoted.
China’s Securities Regulatory Commission on Friday approved the launch of stock futures and a trial run of margin trading in an attempt to increase stock prices and boost the nation’s securities markets role in financing economic development,
Former CIBC World Markets chief economist Jeff Rubin, who predicted the oil surges during the last decade, expects crude to reach $90 a barrel this quarter and surge to $100 by the year’s end.