Monday, 30 March 2015
Last updated 2 days ago
Apr 9 2010 | 1:26am ET
China-bubble evangelist James Chanos took to the airwaves once again to proclaim that the booming Chinese economy is about to go bust.
With as much as 60% of its gross domestic product tied up with construction, the Kynikos Associates chief told PBS’ Charlie Rose that China is “on a treadmill to hell.”
“They can’t afford to get off this heroin of property development,” Chanos said. “It is the only thing keeping the economic growth numbers growing.”
Chanos, who first publicly predicted the coming Chinese crash in January, said the bubble could burst by the end of this year or next year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…