Salient to Investors:
Paul Singer at Elliott Management said China’s debt-fueled stock market crash is way bigger than the US subprime mortgage crisis but may not be enough to cause a global financial market meltdown.
Bill Ackman at Pershing Square Capital Mgmt said China is a bigger global threat than Greece by far, their stock market looks worse than the US in 2007, and China’s lack of transparency and questionable economic statistics are concerning.
Jeffrey Gundlach at DoubleLine Capital said China’s stock market compares with the US Nasdaq in 1999, 2000, and is far too volatile and murky to invest in.
Mary Erdoes at JPMorgan Asset Mgmt said China’s equities markets are completely disassociated with their economy. 25 years of 7 percent growth seen by no other country, including the US.
Read the full article at http://www.bloomberg.com/news/articles/2015-07-15/billionaire-ackman-sees-china-stocks-as-worse-than-u-s-in-2007
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