And by "bubble" they mean "bursting bubble" in this case. It's almost eleven minutes long but it's an interesting discussion about some of the problems in the Chinese real estate market. Many have come to accept that there are problems ahead with the Chinese market but Chanos digs into some of the most troubling statistics. While we think of China as an exporting country (which they do) 70% of the Chinese economy is driven by construction. Once that grinds to a halt - which it is starting to do - the problem starts.
Towards the end they also talk about the similarities between the state guided economy of Japan in the 1980's and China today. Typically state-driven bubbles are ugly when they burst.
Elections | Economic Crisis | Jobs | TSA | Limbaugh | Fun Stuff