"What we define as a bubble is any……" — James Chanos

What we define as a bubble is any kind of debt-fueled asset… - James Chanos
"What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price."

James Chanos

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