Jim Chanos on Why Some of the Worst Hit Parts of the Market Still Have More Pain Ahead
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 16 June 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
Legendary short seller Jim Chanos says that despite the plunge in stocks, there are numerous swathes of the equity market with plenty of downside risk. On this episode, the Chanos & Co. fund manager, argues that the market overall has simply not internalized what sustained higher rates will mean to business models and valuations across a variety of sectors, including real estate, utilities and consumer packaged goods. He walks through the various excesses that we've seen over the last several years, and why investors are all paying the price for them now.
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Transcript
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| 0:00.0 | Do you know what your interest rate is on your savings account? |
| 0:02.7 | I bet it's lower than you think. |
| 0:04.4 | Go ahead and look. |
| 0:05.2 | And in the meantime, I'll tell you about US Treasury bills on public. |
| 0:09.2 | As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity. |
| 0:16.2 | That's the highest rate on six-month Treasury bills since the year 2000. |
| 0:20.0 | Go to public.com slash T-Bill podcast to get started. |
| 0:23.8 | This is a paid endorsement by public.com, |
| 0:26.0 | fees and conditions apply. |
| 0:27.3 | Treasury accounts at public.com or through Gico Securities Inc. |
| 0:30.4 | Member Finra and SIPC. |
| 0:31.9 | Not FDIC insured? |
| 0:33.1 | No bank guarantee. |
| 0:34.0 | May lose value. |
| 0:34.8 | Full disclosures can be found at www.public.com slash T-Bill podcast. |
| 0:56.1 | Hello and welcome to another episode of the AdLots podcast. |
| 0:59.6 | I'm Joe Weissinger. |
| 1:00.8 | And I'm Tracy Alloway. |
| 1:02.2 | So, Tracy, obviously numerous assets across the, you know, |
| 1:30.0 | across the market have been crushed. |
| 1:31.8 | But, you know, one of the things you, you know, |
| 1:33.9 | math says that something could go down 90% and it actually could go down another. |
... |
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