Chanos: Is a Big Change Underway in Global Capitalism?


Naked Capitalism has this very important article Chanos: Is a Big Change Underway in Global Capitalism?.

Events conspire to derail our perceptions of presidents. When we look at their platforms, we think we know where things are headed. But in modern times, the only two presidents that I can think of who really got their ideas and platforms enacted wholesale were FDR and Reagan. Everybody else has gotten compromised, or has had events overwhelm them.

This is an interview with a very perceptive investor and academic who seems uniquely able to look at reality without letting his biases interfere. He sees things quite differently (and more wisely) from most of today’s pundits.

What is particularly enlightening about this interview is both how much he knows and also how much he is aware of what he does not know.

One thing to learn here is to avoid getting all worked up about what you imagine Donald Trump will do because there is too much uncertainty about what he might do. We are just going to have to hang loose and wait for events to transpire before we will know what to do.

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