La Croix Energy Capital | Petroleum Derivative Trading

“Think like a fundamentalist; trade like a chartist.”
Dennis Gartman. Rule #8 - Gartman’s Simple Rules of Trading

Saturday, January 9, 2010

Economics in the News

Contrarian Investor Sees Economic Crash in China
SHANGHAI (NYTimes) — James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.

Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.
Read more: http://www.nytimes.com/2010/01/08/business/global/08chanos.html?ref=business