Salient to Investors:

Jim Chanos at Kynikos Associates says:

  • He expects declines in companies that may be inexpensive compared with earnings, like in natural gas, which have enormous cash needs, and iron-ore producers, where industry capacity will expand globally even as demand stalls because of China’s slowdown
  • A number of high-profile natural gas companies may be in financial difficulty as early as next year.
  • In tech, it’s very difficult to prosper again when you have been leapfrogged.
  • The US economy and banking system is in better shape than others
  • The surprises will be on the positive side in the U.S. market
  • Questions being asked about the Chinese banking system are getting more granular

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