Submitted by Taps Coogan on the 4th of April 2020 to The Sounding Line.
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Legendary short seller and founder of Kynikos Associates, Jim Chanos, recently spoke at length with CNBC about his outlooks for markets, the economy, the gig economy, and Tesla in a wide ranging interview. He warns that while stocks look a lot cheaper than they did a couple months ago, they still don’t look “screaming” cheap.
The interview doesn’t lend itself to the excerpts that we normally provide, so enjoy it above.
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Thanks for the lead, this is a good interview and it gives an investor a lot to think about. One of the issues Chanos highlights is the idea that the economy post covid-19 may be a lot different than the one we had going into it. Looking out longer-term rather than just what comes in the next quarter or two is important. The mainstream financial media has a very strong bias to positive news and tends to spin what is before them to reflect the news as an opportunity for investors. In what appears an effort to stay in the… Read more »