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"Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China."

— James Chanos
james chanos Quotes Bubbles,Excess,Valuation

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J
James Chanos
Bubbles
Excess
Valuation

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If the bubbles contain a misconception, as they always do, then it can't be maintained forever.

— George Soros

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Consider the true picture. Think of myriads of tiny bubbles, very sparsely scattered, rising through a vast black sea. We rule some of the bubbles. Of the waters we know nothing.

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